Why is Privi Speci. falling/rising?

As of 29-Aug, Privi Speciality Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 2,219.95, reflecting a decrease of Rs 62.05 or 2.72%. The stock has underperformed its sector by 2.27% today and has been on a downward trend for the last two days, with a total decline of 7.81%. The stock reached an intraday high of Rs 2,344.65 but also fell to a low of Rs 2,200.05. Over the past week, the stock has decreased by 7.99%, and over the past month, it has fallen by 13.16%. Despite positive financial results, including a 17.39% growth in operating profit and consistent positive performance over the last eight quarters, the stock's recent movement reflects a lack of investor participation, with delivery volume down by 36.7% compared to the five-day average.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined significantly while the Sensex has only dropped by 1.84% over the past week. This underperformance is notable given that the stock has generated a remarkable 48.41% return over the past year, while the broader market has seen negative returns of 5.40%. The stock's liquidity remains adequate for trading, but the current trend suggests that investor sentiment may be shifting, leading to the recent price decline despite the company's strong financial fundamentals.