Why is Prem. Explosives falling/rising?

As of 28-Jul, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 465.00, which reflects a decrease of Rs 15.0 or 3.12%. The stock has been underperforming, having fallen consecutively for the last four days with a total decline of 10.4% during this period. Despite opening with a gain of 2.03% today and reaching an intraday high of Rs 489.75, it also touched a low of Rs 461, indicating significant volatility. The stock's performance over the past week shows a decline of 9.88%, and over the past month, it has decreased by 19.49%. Although the company has demonstrated healthy long-term growth with an annual operating profit increase of 44.29%, the majority of shareholders are non-institutional, which may contribute to the stock's recent instability.
In the broader market context, the Sensex has only declined by 1.59% over the past week, indicating that Premier Explosives Ltd is underperforming relative to the benchmark. The stock's year-to-date performance shows a decline of 11.35%, contrasting sharply with the Sensex's gain of 3.52%. Additionally, the stock is trading below its moving averages across various time frames, which suggests a bearish trend. The falling investor participation, with a decrease in delivery volume, further exacerbates the stock's challenges, indicating a lack of confidence among investors. Overall, these factors contribute to the stock's downward movement in the current market environment.