Why is Paras Petrofils falling/rising?

As of 28-Oct, Paras Petrofils Ltd is experiencing a decline in its stock price, currently at Rs 2.15, which represents a decrease of Rs 0.04 or 1.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.15% over that period. Additionally, it is trading below all significant moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, just 2.33% above Rs 2.1. Despite a rise in investor participation, with a delivery volume increase of 16.06% on 27 October, the overall performance remains weak, as indicated by its year-to-date return of -31.96% compared to the Sensex's positive return of 8.30%.
In the broader market context, Paras Petrofils' short-term performance has significantly lagged behind the benchmark, with a 1-week return of -3.15% compared to the Sensex's modest gain of 0.24%. This underperformance highlights the stock's struggles relative to the overall market, which has shown resilience and growth. The stark contrast in returns over the past month and year further emphasizes the challenges faced by Paras Petrofils, as it has declined by 11.52% and 29.51%, respectively, while the Sensex has posted gains. This ongoing trend of underperformance suggests that investor sentiment remains negative towards the stock, contributing to its recent price decline.