Why is Pyramid Technopl falling/rising?

As of 29-Jul, Pyramid Technoplast Ltd is experiencing a price increase, currently at Rs 161.40, reflecting a rise of Rs 1.95 or 1.22%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. It outperformed its sector by 0.44% and reached an intraday high of Rs 163, marking a 2.23% increase. However, despite this short-term gain, the stock has seen a significant decline over the past week and month, with returns of -7.03% and -10.26%, respectively. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 2.5, but it has also faced challenges, including a -19.10% return over the past year and a -9% decline in profits, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 1.03% over the past week and 3.24% over the past month. This consistent underperformance against the benchmark over the last three years, coupled with a lack of domestic mutual fund investment, suggests that investors may be hesitant about the stock's long-term growth potential. The company's operating profit has also declined at an annual rate of -2.50% over the last five years, further indicating challenges that could affect investor sentiment moving forward.