Why is Prem. Explosives falling/rising?

As of 22-Aug, Premier Explosives Ltd's stock price is rising, currently at Rs 537.85, reflecting an increase of Rs 31.35 or 6.19%. The stock has outperformed its sector by 5.5% today, reaching an intraday high of Rs 548.4, which is an 8.27% increase. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 72.7% against the 5-day average. Despite this, the company has demonstrated healthy long-term growth, with an annual operating profit growth rate of 40.68% and a net profit increase of 109.55%, contributing to its strong performance.
In the broader market context, the stock has shown a 1.11% increase over the past week, outperforming the Sensex, which rose by 0.88%. Over the past month, Premier Explosives has gained 3.63%, while the Sensex has declined by 1.07%. Although the stock has underperformed over the past year with a decrease of 7.25%, its impressive 3-year return of 585.68% significantly surpasses the Sensex's 38.34% increase, indicating strong long-term potential. The liquidity of the stock remains adequate for trading, with a value of Rs 1.52 crore based on 2% of the 5-day average traded value, supporting its recent upward movement despite the drop in delivery volume.