Why is Prem. Explosives falling/rising?

As of 06-Nov, Premier Explosives Ltd is experiencing a decline in its stock price, currently at Rs 571.30, which reflects a decrease of Rs 49.9 or 8.03%. The stock has underperformed its sector by 7.05% today and has been on a downward trend for the last three days, accumulating a total loss of 13.39% during this period. It opened with a loss of 2.21% and reached an intraday low of Rs 566.3, indicating significant volatility with an intraday fluctuation of 5.06%. Despite a strong long-term growth outlook, including a 40.68% annual growth in operating profit and a 109.55% increase in net profit, the recent performance has been overshadowed by falling investor participation, as evidenced by a 5.64% decrease in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a one-week return of -8.44% compared to the Sensex's -1.30%. While the company has shown consistent returns over the past three years and has seen increased participation from institutional investors, the recent price decline suggests that short-term market sentiment is currently unfavorable. The stock's performance over the last month has also been disappointing, with a decline of 10.87%, contrasting with the Sensex's positive return of 1.86% during the same period. This divergence highlights the challenges Premier Explosives Ltd is facing in the current market environment.