Why is Palco Metals Ltd falling/rising?

As of 23-Oct, Palco Metals Ltd is experiencing a decline in its stock price, currently at 139.95, reflecting a decrease of 1.9 points or 1.34%. Today's price summary indicates that the stock opened with a significant gain of 7.86%, reaching an intraday high of Rs 153, but subsequently fell to a low of Rs 132.7, resulting in high volatility with a range of Rs 20.3. Over the past week, the stock has shown a positive return of 3.67%, but it has underperformed the sector by 2.17% today. Despite a strong long-term growth outlook with net sales increasing at an annual rate of 34.99%, the stock has faced challenges, including a significant drop in profit after tax by 62.27% over the last six months and a decline in net sales by 10.2% compared to the previous quarter's average.
In the broader market context, while the Sensex has generated a return of 1.30% over the past week, Palco Metals Ltd's performance has been weaker, particularly in the last year where it has underperformed the market with a return of -13.07% compared to the BSE500's 3.59%. The stock's current trading price is also lower than its 100-day and 200-day moving averages, indicating a bearish trend. The falling investor participation, as evidenced by a 99.38% drop in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's downward movement.