Why is Pace E-Commerce falling/rising?

As of 07-Jul, Pace E-Commerce Ventures Ltd is experiencing a decline in its stock price, currently at Rs 22.14, which represents a decrease of 1.26 or 5.38%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 6.11% during this period. It has also underperformed its sector by 4.8% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 69.39% compared to the 5-day average, suggesting reduced interest from investors.
In the broader market context, the stock's performance over the past week shows a decline of 7.33%, while the benchmark Sensex has only decreased by 0.20%. Over the past month, Pace E-Commerce has fallen by 6.58%, contrasting with the Sensex's increase of 1.53%. Year-to-date, the stock has plummeted by 34.30%, while the Sensex has gained 6.79%. This stark difference highlights the stock's struggles relative to the overall market, contributing to its current downward trajectory.