Why is Prem. Explosives falling/rising?

As of 30-Jul, Premier Explosives Ltd is experiencing a decline in its stock price, currently at 456.65, which reflects a decrease of 4.85 or 1.05%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 11.88% during this period. Additionally, the stock has shown significant negative returns over various time frames, including a 19.03% drop over the past month and a 33.63% decrease over the past year. Despite a healthy long-term growth rate in operating profit of 44.29%, recent quarterly results have been disappointing, with both profit before tax and profit after tax falling by over 44%. The stock's high price-to-book value and a PEG ratio of 71.4 indicate that it is considered expensive relative to its earnings growth.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -33.63% against the BSE500's decline of only -2.34%. This stark contrast highlights the challenges faced by Premier Explosives Ltd in attracting investor confidence. Although there has been a rise in investor participation, as indicated by a 15.43% increase in delivery volume, the overall sentiment remains negative due to the company's recent financial performance and valuation concerns. The stock's performance today also reflects a broader trend, as it has underperformed its sector by 1.94%, further contributing to the downward pressure on its price.