Why is Prem. Explosives falling/rising?

As of 23-Jul, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 507.80, which reflects a decrease of Rs 11.2 or 2.16%. The stock has underperformed its sector by 1.85% today, reaching an intraday low of Rs 501.9, which is a drop of 3.29%. Over the past week, the stock has fallen by 6.16%, and it has also shown significant declines over the past month and year, with returns of -17.29% and -19.28%, respectively. Despite a strong long-term growth outlook, with an annual operating profit growth rate of 44.29%, the stock's recent performance has been hindered by falling investor participation, as evidenced by a 47.68% drop in delivery volume compared to the 5-day average.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Premier Explosives' significant decline. This indicates that the stock is not only underperforming its sector but also lagging behind the overall market performance. The stock's liquidity remains adequate for trading, but its recent price movements suggest a lack of confidence among investors, particularly given the majority of shareholders are non-institutional. The combination of declining short-term returns and reduced trading volume contributes to the stock's current downward trajectory.