Why is Palm Jewels falling/rising?

As of 18-Nov, Palm Jewels Ltd is experiencing a decline in its stock price, currently at Rs. 19.62, which represents a decrease of 1.11 (-5.35%). The stock has recently hit a new 52-week low of Rs. 19.12 and has been underperforming its sector by 5.43%. Over the past two days, the stock has fallen by 10.37%, indicating a consecutive decline. Despite opening with a gain of 3.81% today and reaching an intraday high of Rs. 21.52, the stock's performance has been characterized by high volatility, trading within a wide range of Rs. 2.4. Additionally, it is trading below all key moving averages, which suggests a bearish trend. The stock's year-to-date return is down by 30.67%, contrasting sharply with the Sensex's gain of 8.36%.
In the broader market context, Palm Jewels' short-term performance has significantly lagged behind the benchmark, with a 1-week return of -9.67% compared to the Sensex's +0.96%. This underperformance highlights the stock's struggles in the current market environment. While there has been a rise in investor participation, as indicated by a 22.6% increase in delivery volume, the overall sentiment remains negative, contributing to the stock's downward trajectory. The lack of positive factors in the provided data further emphasizes the challenges faced by Palm Jewels Ltd in maintaining investor confidence amidst its recent price declines.