Why is Parmeshwar Metal falling/rising?

As of 16-Jul, Parmeshwar Metal Ltd is experiencing a decline in its stock price, currently at Rs 65.00, which represents a decrease of 1.0 (-1.52%). Today's trading performance indicates that the stock underperformed its sector by 1.69%. Although it opened with a gain of 3.03% and reached an intraday high of Rs 68, it also touched a low of Rs 64.56, reflecting erratic trading behavior. The stock has shown a 1.56% increase over the past week, but a significant decline of 7.14% over the past month. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 37.5% against the 5-day average, which may contribute to the downward pressure on the stock price.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.02% over the past month, Parmeshwar Metal's performance has been weaker, indicating a lack of momentum relative to the broader market. The Sensex has also shown a positive return of 5.75% year-to-date, while Parmeshwar Metal's year-to-date performance data is not available. The stock's moving averages indicate mixed signals, being higher than the 5-day, 100-day, and 200-day averages but lower than the 20-day and 50-day averages, suggesting potential volatility. Overall, the combination of declining investor interest and underperformance relative to the benchmark may be contributing to the stock's recent price decline.