Why is Prem. Explosives falling/rising?

As of 04-Nov, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 622.60, which reflects a decrease of Rs 34.95 or 5.32%. The stock has underperformed its sector by 3.6% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.62%. Despite a strong performance over the past year with a return of 39.07%, the stock has shown a slight decline of 1.31% over the past week. Additionally, the stock's trading volume has decreased significantly, with a 45.1% drop in delivery volume compared to the five-day average, indicating reduced investor participation.
In the broader market context, the Sensex has also seen a decline of 1.38% over the past week, suggesting that the stock's short-term performance is somewhat aligned with the overall market trend. However, the company's long-term growth prospects remain positive, with a notable increase in net profit and operating profit, which could attract institutional investors who have increased their stake in the company. Despite these positive indicators, the stock's high valuation metrics, including a Price to Book Value of 13.6, may be contributing to the current selling pressure as investors reassess their positions amidst recent price movements.