Why is Pacific Inds falling/rising?

As of 03-Sep, Pacific Industries Ltd is currently priced at Rs 178.70, reflecting an increase of Rs 1.25 or 0.7%. Despite this slight uptick, the stock has been underperforming significantly, with a 1-week return of -2.62% and a 1-month return of -17.54%. The stock hit a new 52-week low of Rs 173.5 today and has been trading below its moving averages across various time frames. Additionally, the company has reported a substantial decline in profits, with a year-over-year return of -40.53% and a concerning drop in net sales and profit after tax in the latest quarter. The stock's valuation appears attractive with a low price-to-book ratio, but the weak long-term fundamentals and declining investor participation suggest ongoing challenges.
In the broader market context, while the Sensex has shown a slight decline of only -0.27% over the past week, Pacific Industries' performance has been notably worse, indicating a significant underperformance relative to the benchmark. The mining and minerals sector, in which Pacific operates, has gained by 2.4%, further highlighting the company's struggles. The stock's liquidity remains adequate, but the drastic fall in delivery volume and the overall negative sentiment surrounding its financial health contribute to a bearish outlook.