Why is Prem. Explosives falling/rising?

As of 27-Oct, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 606.60, which reflects a decrease of Rs 15.9 or 2.55%. Today's price summary indicates that the stock underperformed its sector by 2.49%, reaching an intraday low of Rs 598.05, which is a drop of 3.93%. Although the stock has shown strong long-term growth with a 42.14% return over the past year and a remarkable 542.31% increase over three years, recent trading activity suggests a decline in investor participation, as evidenced by a 7.13% drop in delivery volume compared to the five-day average. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages, indicating mixed signals regarding its short-term momentum.
In the broader market context, the stock's performance over the past week shows a decline of 1.12%, while the benchmark Sensex has increased by 0.49%. This underperformance in the short term may be contributing to the stock's current price drop. Despite the company's healthy long-term growth, with a significant increase in net profit and operating profit, its valuation appears expensive with a Price to Book Value of 13.3 and a PEG ratio of 1.8. These factors, combined with falling investor participation and the stock's recent underperformance relative to the sector, suggest that investors may be cautious, leading to the observed decline in stock price.