Why is Punjab Chemicals falling/rising?

As of 22-Jul, Punjab Chemicals & Crop Protection Ltd is experiencing a decline in its stock price, currently at Rs 1,301.55, which reflects a decrease of Rs 24.15 or 1.82%. Today's price summary indicates that the stock underperformed its sector by 1.49%, with an intraday low of Rs 1,290, marking a drop of 2.69%. Although the stock has shown a positive return of 8.92% over the past month, it has underperformed over the past year with a return of -3.64%. The company's ability to service debt remains strong, supported by a low Debt to EBITDA ratio of 0.90 times, but its profits have fallen by 22.1%, contributing to the stock's recent downward movement.
In the broader market context, the stock's performance over the past week has slightly outperformed the Sensex, which declined by 0.47%, while Punjab Chemicals saw a marginal increase of 0.04%. However, the stock's year-to-date return of 21.64% significantly surpasses the Sensex's 5.18%, indicating a strong performance in the longer term. Despite this, the recent decline in investor participation, with delivery volume dropping by 27.86% against the 5-day average, suggests waning interest, which may be influencing the stock's current price movement.