Why is Parmeshwar Metal falling/rising?

As of 22-Jul, Parmeshwar Metal Ltd is experiencing a slight decline in its stock price, currently at 64.55, reflecting a decrease of 0.05 or 0.08%. The stock has underperformed its sector by 0.83% today and has been on a consecutive downward trend for the last two days, resulting in a total return loss of 0.69% during this period. Additionally, the stock's performance over the past week shows a decline of 2.20%, and over the past month, it has fallen by 7.12%. The stock is currently trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by only 0.47% over the past week and 0.27% over the past month, Parmeshwar Metal's performance has been notably weaker. This suggests that the stock is not only underperforming relative to its sector but also lagging behind the broader market trends. The year-to-date performance of the Sensex shows a positive return of 5.18%, indicating a generally favorable market environment that Parmeshwar Metal is not capitalizing on, further contributing to its recent price decline.