Why is Pradeep Metals falling/rising?

As of 02-Sep, Pradeep Metals Ltd. is currently priced at 231.15, reflecting an increase of 1.15 or 0.5%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 238.95, marking a rise of 3.89%. However, it is important to note that the stock has underperformed its sector by 0.64% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 43.86% compared to the 5-day average, suggesting falling investor participation. Over the past month, the stock has declined by 26.10%, while its year-to-date performance shows a drop of 12.36%.
In the broader market context, Pradeep Metals has underperformed relative to the Sensex, which has seen a slight decline of 0.55% over the same one-month period. The stock's recent performance contrasts with its strong long-term returns, having increased by 97.14% over three years and an impressive 567.10% over five years. This disparity indicates that while the stock has historically performed well, its recent short-term struggles may be contributing to the current price movement. Overall, the combination of declining investor interest and underperformance relative to the benchmark suggests a cautious outlook for Pradeep Metals in the near term.