Why is Padmanabh Alloys falling/rising?

As of 12-Sep, Padmanabh Alloys & Polymers Ltd is experiencing a slight decline in its stock price, currently at 17.99, reflecting a decrease of 0.01 or 0.06%. The stock has underperformed its sector by 1.6% today and has been on a downward trend, with consecutive falls over the last two days resulting in a total decline of 2.76% in that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Year-to-date, the stock has fallen by 20.57%, significantly underperforming the benchmark Sensex, which has gained 4.82% during the same timeframe. There is a slight positive note with rising investor participation, as the delivery volume increased by 30.45% against the 5-day average, suggesting some interest despite the overall decline.
Broader Market Context: In the context of the broader market, Padmanabh Alloys' performance has been notably weaker compared to the Sensex, which has risen by 1.48% over the past week and 2.08% over the past month. The stark contrast in performance, with the stock down 4.00% over the last month compared to the Sensex's gains, highlights the challenges the company is facing in attracting investor confidence. The overall market appears to be on an upward trajectory, while Padmanabh Alloys continues to struggle, further contributing to its recent price decline.