Why is Pace E-Commerce falling/rising?

As of 28-Oct, Pace E-Commerce Ventures Ltd is experiencing a decline in its stock price, currently at 24.50, which represents a decrease of 0.91 or 3.58%. The stock has underperformed its sector by 2.7% today and has been on a consecutive downward trend for the last two days, resulting in a significant drop of 22.37% in returns over this period. Despite the stock being higher than the 20-day, 50-day, and 100-day moving averages, it remains lower than the 5-day and 200-day moving averages. Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 78.86% against the 5-day average, the overall year-to-date performance shows a decline of 27.30%, indicating persistent challenges for the company.
In the broader market context, the stock's performance over the past week shows a decline of 2.93%, while the benchmark Sensex has gained 0.24%. Over the past month, however, the stock has outperformed the benchmark with a return of 10.11% compared to the Sensex's 5.22%. Despite this short-term outperformance, the long-term outlook remains concerning, with a 3-year decline of 77.55% against the Sensex's gain of 41.14%. This stark contrast highlights the ongoing struggles of Pace E-Commerce Ventures Ltd in maintaining investor confidence and achieving sustainable growth amidst a generally positive market backdrop.