Why is Pankaj Polymers falling/rising?

As of 14-Jul, Pankaj Polymers Ltd's stock price is currently at 17.89, reflecting a decrease of 0.11 or 0.61%. The stock has underperformed its sector today by 0.42%, despite being higher than its 50-day, 100-day, and 200-day moving averages, but lower than its 5-day and 20-day moving averages. Over the past year, the stock has generated a remarkable return of 97.24%, significantly outperforming the BSE500 index in the same period. However, the company faces challenges, including operating losses and weak long-term fundamental strength, which may contribute to the recent price decline. Additionally, a reduction in promoter confidence, indicated by a 0.9% decrease in their stake, raises concerns about the company's future prospects.
In the broader market context, Pankaj Polymers has seen a 10.77% decline over the past week, while the Sensex has only fallen by 1.42%, indicating a significant underperformance relative to the benchmark. Despite a strong year-to-date return of 64.13% compared to the Sensex's 5.27%, the stock's recent performance suggests that investors may be reacting to its operational challenges and the negative sentiment surrounding its financial health. The rising investor participation, as evidenced by a substantial increase in delivery volume, may not be enough to counterbalance the concerns stemming from its weak fundamentals and declining promoter confidence.