Why is HCP Plastene falling/rising?

As of 16-Sep, HCP Plastene Bulkpack Ltd is experiencing a decline in its stock price, currently at Rs 163.00, which represents a decrease of Rs 7.0 or 4.12%. The stock has underperformed its sector by 5.25% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 163, and the weighted average price indicates that more volume was traded close to this low price. Additionally, the delivery volume has decreased by 9.53% against the 5-day average, suggesting a decline in investor participation. Over the past month, the stock has seen a significant drop of 11.75%, contrasting with a positive year-to-date return of 6.54%.
In the broader market context, HCP Plastene's short-term performance over the past week shows a gain of 1.78%, which is slightly better than the Sensex's increase of 1.58%. However, the stock's longer-term performance is concerning, with a 3-year decline of 61.42% compared to the Sensex's gain of 40.01%. This stark contrast indicates that while the stock may have had some short-term recovery, its overall trajectory remains negative, contributing to the current price drop. The lack of positive factors in the dashboard further emphasizes the challenges the stock is facing in maintaining investor confidence.