Why is PCS Technology falling/rising?

As of 11-Aug, PCS Technology Ltd's stock price is currently at Rs 24.62, reflecting a decline of Rs 1.02 or 3.98%. The stock has shown significant volatility today, opening with a gain of 9.2% but later touching an intraday low of Rs 24.5, resulting in a wide trading range of Rs 3.5. Despite the initial surge, the stock has underperformed its sector by 4.73% and is trading below all major moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.75%, and it has experienced a substantial year-to-date decline of 27.12%, contrasting sharply with the Sensex, which has gained 3.15% during the same period.
In the broader market context, PCS Technology's recent performance has been notably weaker compared to the benchmark Sensex, which has only declined by 0.51% over the past week. This underperformance is further highlighted by the stock's year-to-date and one-year returns, which show significant losses of 27.12% and 30.04%, respectively, while the Sensex has remained positive. The rising investor participation, indicated by a 40.24% increase in delivery volume, suggests some interest in the stock, but the overall negative sentiment and high volatility may be contributing to the downward pressure on its price.