Why is Prem. Explosives falling/rising?

As of 12-Jun, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 588.15, which represents a decrease of Rs 14.45 or 2.4%. The stock has underperformed its sector today by 2.3% and has been on a downward trend for the past two days, with a total decline of 5.97%. Additionally, the stock touched an intraday low of Rs 579.7, indicating significant selling pressure. Over the past week, the stock has decreased by 3.24%, while it has shown a strong performance over the past month with a 30.40% increase. However, its one-year return is down by 10.81%, suggesting some volatility. Despite healthy long-term growth with an annual operating profit increase of 44.29%, the recent drop in delivery volume by 42.89% against the five-day average indicates falling investor participation, which may be contributing to the stock's current decline.
In the broader market context, the Sensex has shown a slight increase of 0.31% over the past week, contrasting with Premier Explosives' decline. While the stock has outperformed the benchmark significantly over the longer term, with a three-year return of 827.83% compared to the Sensex's 50.44%, the recent short-term performance highlights a divergence from the overall market trend. The stock's liquidity remains adequate for trading, but the falling investor participation could signal caution among investors, which may further impact its price negatively in the near term.