Why is Palred Technolog falling/rising?

As of 17-Oct, Palred Technologies Ltd's stock price is currently at Rs 61.57, reflecting a decline of Rs 3.24 or 5.0%. The stock has been underperforming, having lost 9.75% over the last two days, and it has also underperformed its sector by 3.61% today. The stock's performance over the past week shows a significant decline of 8.34%, while its year-to-date return is down 21.88%. Additionally, the stock has experienced high volatility today, with an intraday volatility of 8.91%. Notably, investor participation has decreased sharply, with delivery volume falling by 98.83% compared to the five-day average, indicating a lack of confidence among investors.
Broader market context reveals that while the Sensex has gained 1.76% over the past week, Palred Technologies has significantly lagged behind. The stock's longer-term performance also shows a stark contrast, with a 1-year return of -45.56% compared to the Sensex's 3.64% gain. This underperformance in both short-term and long-term metrics suggests that the stock is struggling to attract investor interest, especially in light of its recent volatility and declining participation.