Why is Party Cruisers falling/rising?

As of 31-Jul, Party Cruisers Ltd is experiencing a decline in its stock price, currently at Rs. 71.60, which reflects a decrease of Rs. 2.4 or 3.24%. The stock has hit a new 52-week low of Rs. 71.25 today and has underperformed its sector by 5.04%. Additionally, Party Cruisers is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a drop in investor participation, with delivery volume falling by 6.25% compared to the 5-day average. Over the past week, the stock has decreased by 3.24%, and its year-to-date performance shows a significant decline of 45.74%.
In the broader market context, the Sensex has only declined by 1.17% over the past week, highlighting that Party Cruisers' performance is notably worse than the benchmark. While the Sensex has gained 4.75% year-to-date, Party Cruisers has faced substantial losses, further emphasizing its underperformance. The lack of available positive factors and the negative trends in both stock performance and investor engagement suggest that the company is struggling to attract investor confidence, contributing to its falling stock price.