Why is Paras Petrofils falling/rising?

As of 04-September, Paras Petrofils Ltd is currently priced at 2.40, reflecting a slight increase of 0.01 or 0.42%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price performance. Despite this, there has been a rise in investor participation, with delivery volume increasing by 16.15% compared to the 5-day average, suggesting some renewed interest from investors. However, the stock has underperformed significantly over various periods, with a year-to-date decline of 24.05% and a one-year decline of 34.96%, which may contribute to a cautious sentiment among investors.
In the broader market context, the Sensex has shown a positive return of 0.80% over the past week, contrasting with Paras Petrofils' decline of 0.83% during the same period. This underperformance relative to the benchmark may indicate that investors are favoring other stocks or sectors, leading to a lack of confidence in Paras Petrofils. Additionally, while the stock's liquidity appears adequate for trading, the absence of any positive factors in the dashboard suggests that there are no significant catalysts driving the stock's price upward, further contributing to its recent struggles.