Why is Punjab Chemicals falling/rising?

As of 06-Nov, Punjab Chemicals & Crop Protection Ltd is experiencing a decline in its stock price, currently at Rs 1,272.45, which represents a decrease of Rs 32.35 or 2.48%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 15.1% during this period. Today's trading saw the stock reach an intraday low of Rs 1,258.30, reflecting a drop of 3.56%. Despite having a strong ability to service debt with a low Debt to EBITDA ratio of 0.88 times and positive quarterly results showing a 51.5% growth in PAT, the stock's recent performance has been overshadowed by a significant drop in investor participation, with delivery volume decreasing by 8.27% against the five-day average.
In the broader market context, Punjab Chemicals has underperformed the sector by 2.12% today and has a one-week return of -13.46%, while the Sensex has only declined by 1.30% during the same period. Although the stock has shown strong year-to-date and one-year returns of 18.92% and 17.82% respectively, these figures are not sufficient to counteract the recent downward trend. The stock's performance over the last three years has lagged behind the benchmark, which has increased by 36.69%, indicating a challenging environment for the company relative to the broader market.