Why is Prem. Explosives falling/rising?

As of 14-Jul, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 532.85, which reflects a decrease of Rs 12.35 or 2.27%. The stock has underperformed its sector by 1.66% today and has been on a downward trend for the last three days, accumulating a total loss of 4.79% during this period. In terms of returns, the stock has seen a significant decline of 25.37% over the past year and a 12.63% drop over the last month, contrasting with a positive year-to-date return of 1.58%. Despite the recent downturn, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 44.29%. However, the majority of shareholders are non-institutional, which may influence stock stability and investor confidence.
In the broader market context, the Sensex has experienced a decline of only 1.42% over the past week, indicating that Premier Explosives Ltd's short-term performance is lagging behind the benchmark. The stock's recent performance is particularly concerning given its significant underperformance compared to the benchmark over the past month and year. While the stock remains liquid enough for trading, the recent consecutive falls and the current price movement suggest that investor sentiment may be cautious, especially in light of the stock's recent volatility and the broader market's relatively stable performance.