Why is Prem. Explosives falling/rising?

As of 26-Sep, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 588.50, which reflects a decrease of Rs 27.5 or 4.46%. Today's price summary indicates that the stock has underperformed its sector by 2.47% and has fallen after two consecutive days of gains. It reached an intraday low of Rs 581, marking a drop of 5.68%. Despite this decline, the stock has shown strong performance over the past month with a return of 17.37%, and it has consistently outperformed the BSE500 over the last three years, indicating a healthy long-term growth trajectory. The company's recent outstanding financial results, including a 109.55% growth in net profit and a significant increase in operating profit, suggest underlying strength, although the recent price movement reflects short-term volatility.
In the broader market context, the stock's one-week return of -5.51% contrasts with the Sensex's decline of only 2.66%, indicating that Premier Explosives Ltd is facing more significant selling pressure compared to the overall market. This short-term underperformance may be influenced by the recent trend reversal and increased trading volume at lower price levels, suggesting that investors are reacting to the recent price movements. While the stock remains liquid enough for trading, the current decline may be a reflection of market sentiment rather than a fundamental deterioration in the company's financial health.