Why is Pradeep Metals falling/rising?

As of 25-Jul, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 320.05, which reflects a decrease of Rs 11.75 or 3.54%. Today's performance indicates that the stock has underperformed its sector by 2.22%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 316.25, and trading volume has significantly decreased, with delivery volume falling by 66.47% against the 5-day average. Despite a strong performance over the past year, with a return of 31.46% and profits rising by 22%, the stock is currently trading at a discount compared to its peers, which may suggest a fair valuation but also reflects some investor caution.
In the broader market context, Pradeep Metals has underperformed the benchmark Sensex in the short term, with a 1-week return of -8.90% compared to the Sensex's -0.36%. However, the stock has shown strong long-term performance, with a year-to-date return of 21.35% and a remarkable 3-year return of 189.38%. This indicates that while the stock is facing short-term challenges, its consistent returns over the longer term may provide a buffer against current volatility. The overall market sentiment appears cautious, which could be influencing the stock's recent decline despite its historical performance and positive financial metrics.