Why is Prem. Explosives falling/rising?

As of 29-Jul, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 461.50, which reflects a decrease of Rs 3.5 or 0.75%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 11.14% during this period. Today, it opened with a loss of 2.05% and reached an intraday low of Rs 455.45. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite this, there has been a rise in investor participation, with delivery volume increasing by 7.91% compared to the 5-day average. The stock has shown healthy long-term growth, with an annual operating profit increase of 44.29%, but the majority of shareholders are non-institutional, which may affect stability.
In the broader market context, Premier Explosives Ltd has underperformed significantly compared to the Sensex, with a 1-week return of -11.08% against the benchmark's -1.03%, and a 1-month return of -20.10% compared to -3.24% for the Sensex. This stark contrast highlights the stock's struggles relative to the overall market performance. While the stock has shown remarkable growth over the long term, with a 3-year return of +628.61%, the recent short-term declines suggest that investor sentiment may be cautious, especially given the significant drop in returns over the past year of -34.07%.