Why is Palash Securi. falling/rising?

As of 06-Nov, Palash Securities Ltd is experiencing a decline in its stock price, currently at Rs 116.00, which reflects a decrease of Rs 4.8 or 3.97%. The stock opened significantly lower today, with a loss of 7.04%, and reached an intraday low of Rs 112.3. Additionally, it has underperformed its sector by 3.14%. Over the past week, the stock has declined by 6.03%, and year-to-date, it has seen a substantial drop of 31.72%. The stock is trading below all key moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 16.59% compared to the five-day average.
In the broader market context, the Sensex has only declined by 1.30% over the past week, highlighting that Palash Securities Ltd is underperforming relative to the benchmark. While the stock has shown some resilience over a three-year period with a return of 11.06%, its year-to-date performance starkly contrasts with the Sensex's gain of 6.62%. This divergence suggests that the stock's recent struggles are not reflective of the overall market conditions, further contributing to its downward price movement.