Why is Primo Chemicals falling/rising?

As of 18-Aug, Primo Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 26.76, reflecting a decrease of Rs 1.09 or 3.91%. The stock has underperformed its sector by 4.93% today and has been on a consecutive downward trend for the last two days, with a total drop of 4.43%. Additionally, the stock has shown a negative return of 1.83% over the past week and a significant decline of 27.91% year-to-date. Despite positive financial results in the last four quarters, including substantial growth in profit before tax and net sales, the stock's long-term performance remains concerning, with a 5-year annual operating profit decline of 43.16%.
In the broader market context, the Sensex has increased by 0.83% over the past week, contrasting with Primo Chemicals' negative performance. The stock has consistently underperformed against the benchmark over the last three years, generating a return of -32.49% in the past year while the Sensex has gained 4.01%. This persistent underperformance, coupled with a high PEG ratio of 0.2 despite rising profits, indicates that investor sentiment may be cautious, leading to the stock's current decline.