Why is Prem. Explosives falling/rising?

As of 31-Jul, Premier Explosives Ltd is experiencing a decline in its stock price, currently at 439.25, which reflects a decrease of 17.4 or 3.81%. The stock has been underperforming significantly, having fallen for the last seven consecutive days, resulting in a total drop of 15.37% during this period. Today's performance indicates a gap down opening with a loss of 4.7%, and it has touched an intraday low of Rs 435.2. The stock is trading below its moving averages across various time frames, and there has been a notable decrease in investor participation, with delivery volume dropping by 37.41% compared to the five-day average. Additionally, the company's recent financial results have been disappointing, with a significant decline in profit before tax and net sales, contributing to a negative sentiment around the stock.
In the broader market context, Premier Explosives Ltd has underperformed the benchmark, with a one-week return of -10.39% compared to the Sensex's -1.22%. Over the past year, while the market has seen a slight decline of -0.68%, the stock has plummeted by 33.45%. This stark contrast highlights the stock's struggles relative to the market. Despite a healthy long-term growth rate in operating profit, the company's high valuation metrics and recent flat financial results have led to a lack of investor confidence, further exacerbating its decline in stock price.