Why is Padmanabh Alloys falling/rising?

As of 18-Sep, Padmanabh Alloys & Polymers Ltd is experiencing a decline in its stock price, currently at 19.11, which reflects a decrease of 0.09 or 0.47%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite being higher than the 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 44.49% against the 5-day average. Year-to-date, the stock has underperformed significantly, down 15.63%, and over the past year, it has decreased by 21.58%, contrasting sharply with the Sensex, which has gained 6.24% during the same period.
In the broader market context, the stock's short-term performance over the past week shows a gain of 6.17%, which is significantly better than the Sensex's increase of 1.80%. However, the overall year-to-date and one-year returns indicate a stark underperformance compared to the benchmark. This suggests that while there may be some short-term optimism reflected in the recent gains, the long-term outlook remains challenging for Padmanabh Alloys, as evidenced by its substantial declines over the longer periods. The absence of any positive factors in the dashboard further highlights the difficulties the stock is facing in maintaining upward momentum.