Why is Pan India Corpor falling/rising?

As of 23-Jul, Pan India Corporation Ltd's stock price is currently at 2.45, reflecting an increase of 0.03 or 1.24%. The stock has shown a trend reversal by gaining after four consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. The stock has underperformed in the short term, with a 1-week return of -3.16%, while the Sensex has gained 0.11%. However, there has been a notable increase in investor participation, with delivery volume rising by 110.82% compared to the 5-day average, suggesting renewed interest among investors.
In the broader market context, while Pan India Corporation's stock has struggled with a year-to-date decline of 27.08%, the Sensex has increased by 5.87% during the same period. This stark contrast highlights the stock's underperformance relative to the benchmark. Over the past year, the stock has managed a positive return of 11.36%, which is significantly higher than the Sensex's 2.86%, indicating some resilience over a longer timeframe. However, the recent short-term performance and the stock's position below key moving averages suggest that it may still face challenges in regaining upward momentum in the near future.