Why is Prem. Explosives falling/rising?

As of 04-Aug, Premier Explosives Ltd is experiencing a price increase, currently at 440.95, reflecting a rise of 14.65 or 3.44%. Today's performance indicates a trend reversal as the stock has gained after eight consecutive days of decline. It outperformed its sector by 4.13% and reached an intraday high of Rs 468.05, marking a significant increase of 9.79%. However, the stock has underperformed over the past week, down 5.17%, and has seen a substantial decline of 23.31% over the past month. Despite a healthy long-term growth rate in operating profit of 44.29%, the company has faced challenges, including a significant drop in quarterly profits and sales, which has contributed to its expensive valuation relative to peers.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 0.16% over the past week. The stock's year-to-date return is down 15.94%, while the Sensex has risen by 3.69%. This disparity highlights the stock's struggles despite a positive day, as it continues to trade below its moving averages and has seen a decrease in investor participation. The negative sentiment surrounding its flat quarterly results and high PEG ratio further complicates its outlook, suggesting that while today's movement is positive, the overall trend remains concerning.