Why is Prem. Explosives falling/rising?

As of 20-Aug, Premier Explosives Ltd's stock price is currently at Rs 508.75, reflecting an increase of Rs 8.75 or 1.75%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It outperformed its sector by 1.68% and reached an intraday high of Rs 518.95, which is a 3.79% increase. However, the stock has shown a negative return over the past week (-0.68%), month (-3.23%), and year (-17.80%), despite a strong long-term growth trajectory with a 3-year return of 533.17%. The company's recent financial performance has been robust, with a net profit growth of 109.55% and significant increases in net sales and operating profit, contributing to a positive outlook despite recent price fluctuations.
In the broader market context, the Sensex has performed positively, gaining 1.64% over the past week, which contrasts with Premier Explosives' short-term decline. This divergence suggests that while the stock has experienced recent upward movement, it still lags behind the benchmark in the short term. Additionally, there has been a notable decrease in investor participation, with delivery volumes falling by 61.05% compared to the 5-day average, indicating potential caution among investors. Despite this, the liquidity of the stock remains adequate for trading, which may support future price stability as the company continues to demonstrate strong operational growth.