Why is Pace E-Commerce falling/rising?

As of 31-Oct, Pace E-Commerce Ventures Ltd is experiencing a decline in its stock price, currently at Rs 22.86, which reflects a decrease of Rs 1.14 or 4.75%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.56% during this period. Today, it opened with a loss of 2.38% and reached an intraday low of Rs 22.78, while the weighted average price indicates that more volume was traded closer to this low. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Although there has been a slight increase in investor participation with a 3.94% rise in delivery volume, the overall sentiment remains negative, contributing to the stock's downward movement.
In the broader market context, Pace E-Commerce's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -27.57% compared to the Sensex's -0.32%. Over the year-to-date, the stock has declined by 32.17%, while the Sensex has gained 7.42%. This stark contrast highlights the challenges faced by Pace E-Commerce in attracting investor confidence relative to the overall market. The stock's recent struggles, compounded by its poor performance against the benchmark, indicate a lack of positive momentum and investor sentiment, further exacerbating its price decline.