Why is Privi Speci. falling/rising?

As of 27-Jun, Privi Speciality Chemicals Ltd's stock price is currently at 2,268.50, reflecting a decrease of 11.5 points or 0.5%. The stock has underperformed its sector by 1.42% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 1.18% in that period. Despite a strong year-to-date performance of 28.24% and a remarkable 60.72% increase over the past year, the stock has shown negative returns of 3.02% over the past week and 4.40% over the past month. Additionally, the stock's delivery volume has significantly decreased by 92.92% compared to the five-day average, indicating falling investor participation. While the company has reported outstanding results with a 43.87% growth in net profit and has consistently delivered positive results for the last seven quarters, the recent price movement suggests a potential market correction or profit-taking by investors.
Broader market context indicates that while Privi Speciality Chemicals Ltd has outperformed the benchmark Sensex in the long term, it has lagged behind in the short term, with the Sensex gaining 2.00% over the past week. This short-term underperformance relative to the benchmark may contribute to the stock's current decline, as investors often react to broader market trends. The liquidity of the stock remains adequate for trading, but the recent drop in delivery volume may signal a cautious sentiment among investors. Overall, the combination of recent price declines, reduced investor participation, and short-term underperformance against the benchmark has contributed to the stock's current downward movement.