Why is Privi Speci. falling/rising?

As of 24-Jun, Privi Speciality Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 2,273.80, which reflects a decrease of Rs 37.2 or 1.61%. The stock has underperformed its sector by 2.01% today and has been on a downward trend for the last four days, accumulating a total loss of 7.73% during this period. Despite touching an intraday high of Rs 2,363.95, the stock also reached a low of Rs 2,262.55. The trading volume has significantly decreased, with delivery volume dropping by 89.04% compared to the five-day average, indicating falling investor participation. Although the company has shown strong financial performance with a 43.87% growth in net profit and has consistently reported positive results over the last seven quarters, these factors have not been sufficient to counteract the recent price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -6.21% compared to the Sensex's gain of 0.58%. While the stock has delivered impressive long-term returns, including a 60.54% increase over the past year, the recent downturn suggests that short-term investor sentiment may be influenced by the declining trading volume and consecutive price falls. Despite the company's strong fundamentals, including a high operating profit to interest ratio and a low debt-equity ratio, the current market dynamics appear to be overshadowing these positive indicators.