Why is BPL falling/rising?

As of 07-Aug, BPL Ltd's stock price is currently at 76.87, reflecting a decrease of 1.13, or 1.45%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.73%. Although it opened the day with a gain of 2.56% and reached an intraday high of Rs 80, it ultimately closed lower. The stock has shown significant underperformance over various periods, including a 14.26% drop over the past month and a 34.24% decline over the past year. Additionally, the stock is trading below its moving averages across multiple time frames, indicating a bearish trend. There is also a notable decrease in investor participation, with delivery volume dropping by 38.98% compared to the five-day average, which may further contribute to the stock's downward movement. No positive or negative dashboard data is available to provide additional context.
In the broader market context, BPL Ltd's recent performance contrasts sharply with the benchmark Sensex, which has seen a modest increase of 3.18% year-to-date. Over the past week, BPL has underperformed the Sensex by 5.93%, reflecting a significant divergence in performance. This underperformance is indicative of broader challenges faced by the company compared to the overall market, suggesting that investor sentiment towards BPL is currently negative, further exacerbated by the stock's declining trend and reduced trading volume.