Why is Pakka falling/rising?

As of 30-Jun, Pakka Ltd's stock price is currently at Rs 208.40, reflecting a decline of Rs 1.55 or 0.74%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.07% during this period. Despite reaching an intraday high of Rs 217.95, the stock also touched a low of Rs 205. The recent performance shows that while the stock has gained 13.02% over the past week and 16.59% over the past month, it has significantly underperformed year-to-date with a decline of 33.21%. The moving averages indicate that the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages but below the 200-day average, suggesting mixed signals. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 100.92% against the 5-day average, indicating some interest despite the recent price decline.
In the broader market context, Pakka Ltd's short-term performance has outpaced the benchmark Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month. However, the stock's year-to-date performance is starkly negative compared to the Sensex's positive return of 7.00%. The liquidity of the stock appears adequate for trading, with a volume that supports a trade size of Rs 0.52 crore. Overall, while there are signs of increased trading activity and short-term gains, the recent consecutive declines and underperformance against the sector suggest that investor sentiment may be cautious, contributing to the stock's current downward movement.