Why is Palash Securi. falling/rising?

As of 08-Sep, Palash Securities Ltd is experiencing a decline in its stock price, currently at Rs 117.25, which reflects a decrease of Rs 5.55 or 4.52%. The stock opened lower today, with a loss of 4.52%, and has not traded outside this price range. It is currently underperforming its sector by 4.84% and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown poor performance over various time frames, with a year-to-date return of -30.99% and a one-year return of -22.35%. Despite a positive growth in net sales reported in June, the company faces significant challenges, including operating losses and a negative return on equity of -2.2, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex over the past week, month, and year. While the Sensex has gained 0.53% over the past week and 1.16% over the past month, Palash Securities has seen a slight decline of 0.04% and 2.70%, respectively. The company's falling investor participation, evidenced by a 67.93% drop in delivery volume, further exacerbates its challenges, indicating a lack of confidence among investors. Overall, the combination of poor financial metrics, underperformance relative to the market, and declining investor interest suggests that the stock is facing significant downward pressure.