Why is Pacific Inds falling/rising?

As of 22-Sep, Pacific Industries Ltd is experiencing a decline in its stock price, currently at Rs 194.30, reflecting a decrease of Rs 1.55 or 0.79%. Today's performance indicates that the stock has underperformed its sector by 0.65%, opening with a significant loss of 3.5% and touching an intraday low of Rs 187.55, which is a drop of 4.24%. Over the past week, however, the stock has shown a positive return of 7.94%, although it has struggled in the longer term, with a year-to-date decline of 37.11% and a staggering 49.71% drop over the past year. The company's weak fundamentals are highlighted by a low return on equity of 1.7 and a concerning profit drop of 37.4% over the past year, contributing to negative sentiment around the stock.
Broader market context shows that while Pacific Industries has seen a short-term gain, its overall performance remains lackluster compared to the benchmark Sensex, which has gained 5.15% year-to-date. The stock's recent trend reversal after four consecutive days of gains and its current trading below several moving averages indicate a bearish outlook. Additionally, the company's poor financial results, including a significant fall in profit after tax and low net sales, further exacerbate the negative perception among investors, leading to a cautious approach in trading.