Why is Prem. Explosives falling/rising?

As of 09-Sep, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 536.90, which reflects a decrease of Rs 22.2 or 3.97%. Today's price summary indicates that the stock has underperformed its sector by 3.91% and has fallen after four consecutive days of gains, reaching an intraday low of Rs 531.95. Despite this decline, the stock has shown strong performance over the past month with a return of 23.98%, although it has underperformed on a year-to-date basis with a return of 2.35%. The company has reported healthy long-term growth, with a significant increase in net profit and operating profit, which may support its valuation despite the recent price drop.
In the broader market context, the stock's short-term performance over the past week shows a return of 5.41%, significantly outperforming the Sensex, which only gained 1.18%. This suggests that while the stock is currently facing a decline, it has been performing well relative to the benchmark in the short term. However, the recent drop in investor participation, with a 9.2% decrease in delivery volume compared to the five-day average, may indicate waning interest among investors, contributing to the stock's current downward movement.