Why is Padmanabh Alloys falling/rising?

As of 15-Sep, Padmanabh Alloys & Polymers Ltd is experiencing a decline in its stock price, currently at Rs 17.50, which represents a decrease of 0.49 or 2.72%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.41% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 2.4% away from Rs 17.08. Despite a significant increase in delivery volume, which rose by 288.5% against the 5-day average, the overall performance remains weak, as evidenced by its returns of -5.46% over the past week and -7.80% over the past month.
In the broader market context, Padmanabh Alloys' recent performance contrasts sharply with the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month. Year-to-date, the stock has declined by 22.74%, while the Sensex has increased by 4.67%. This significant underperformance highlights the challenges faced by Padmanabh Alloys in attracting investor confidence compared to the overall market. The lack of available positive factors further emphasizes the stock's struggles, as it continues to lag behind both sector performance and broader market trends.