Why is Parmeshwar Metal falling/rising?

As of 02-Jul, Parmeshwar Metal Ltd's stock price is currently at Rs 64.74, reflecting a decline of Rs 2.26 or 3.37%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 4.51% during this period. Today, it opened with a significant loss of 3.66% and reached an intraday low of Rs 63.55, which is a drop of 5.15%. Over the past week, the stock has decreased by 5.76%, and over the past month, it has fallen by 8.82%. While the stock is trading higher than its 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 25% compared to the 5-day average, indicating some interest despite the price decline.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week and 2.50% over the past month, contrasting sharply with Parmeshwar Metal's negative performance. This suggests that the stock is not only underperforming its sector but also lagging behind the overall market trends. The lack of available positive or negative factors further complicates the understanding of the stock's recent movements, as there are no specific insights into catalysts or headwinds affecting investor sentiment. Overall, the combination of consecutive price declines, poor short-term returns compared to the benchmark, and the stock's erratic trading behavior contribute to the current downward trend in Parmeshwar Metal Ltd's stock price.