Why is Palred Technolog falling/rising?

As of 06-Nov, Palred Technologies Ltd is experiencing a decline in its stock price, currently at Rs 54.50, which represents a decrease of 2.62 (-4.59%). The stock opened lower today, down by 3.71%, and reached an intraday low of Rs 54.5. It has underperformed its sector by 4.68% today and is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, investor participation has significantly decreased, with delivery volume dropping by 75.58% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 45.77%, while its year-to-date performance shows a drop of 30.85%.
In the broader market context, the Sensex has only declined by 1.30% over the past week, contrasting sharply with Palred Technologies' 11.24% drop in the same period. While the stock has shown some positive movement over the last month with a gain of 3.12%, its longer-term performance remains concerning, with a staggering 62.94% decline over the past three years compared to the Sensex's 36.69% increase. This stark difference highlights the challenges Palred Technologies is facing relative to the overall market, contributing to the downward pressure on its stock price.