Why is PBM Polytex falling/rising?

As of 08-Oct, PBM Polytex Ltd is experiencing a decline in its stock price, currently at Rs 64.35, which reflects a decrease of Rs 1.5 or 2.28%. The stock has underperformed its sector by 1.86% today and touched an intraday low of Rs 63.5, marking a drop of 3.57%. Over the past week, the stock has seen a significant decline of 7.82%, and its year-to-date performance shows a drop of 30.39%. Additionally, PBM Polytex is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 391.11% against the 5-day average, the absence of any positive factors in the dashboard suggests that the stock's recent movement is primarily influenced by negative sentiment.
Broader market context indicates that while PBM Polytex has been declining, the benchmark Sensex has shown a slight increase of 0.98% over the past week. The stark contrast in performance is evident as PBM Polytex has underperformed significantly compared to the benchmark, with a year-to-date decline of 30.39% against the Sensex's gain of 4.65%. This disparity highlights the challenges faced by PBM Polytex in the current market environment, as it struggles to attract investor confidence amidst broader market stability.