Why is Punjab Chemicals falling/rising?

As of 03-Nov, Punjab Chemicals & Crop Protection Ltd is experiencing a decline in its stock price, currently at Rs 1,347.00, which reflects a decrease of Rs 151.8 or 10.13%. Today's price summary indicates that the stock has underperformed its sector by 11.04% and has fallen after seven consecutive days of gains. The stock reached an intraday high of Rs 1,530 but also dipped to a low of Rs 1,311, showcasing significant volatility with a wide trading range of Rs 219. Despite a strong year-to-date return of 25.89% and a one-year return of 18.58%, the stock's recent performance has been overshadowed by today's sharp decline.
In the broader market context, the stock's short-term performance over the past week shows a decline of 4.03%, while the benchmark Sensex has only decreased by 0.94%. This indicates that Punjab Chemicals is underperforming relative to the market. Although the company has demonstrated a strong ability to service its debt and reported positive quarterly results, the current market sentiment appears to be affecting its stock negatively. The increase in investor participation, as evidenced by a significant rise in delivery volume, suggests that there may be underlying interest in the stock, but the immediate price action reflects a bearish trend.