Why is PDP Shipping falling/rising?

As of 03-Jul, PDP Shipping & Projects Ltd is experiencing a decline in its stock price, currently at Rs 73.10, which represents a decrease of 3.83 points or 4.98%. The stock has underperformed significantly today, with a performance that is 4.83% lower than its sector. It opened with a loss of 4.98% and has since remained at this price, touching an intraday low of Rs 73.10. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 5.20%, contrasting with the Sensex, which has only decreased by 0.62%. There is a notable increase in investor participation, with delivery volume rising by 52.78% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, PDP Shipping's short-term performance is notably weaker than the benchmark, as it has fallen by 5.20% over the past week while the Sensex has only dipped by 0.62%. This underperformance indicates a lack of confidence in the stock relative to the market. The absence of any positive factors in the dashboard further emphasizes the challenges facing the company, as no supportive news or developments have been reported to counterbalance the negative price movement. Overall, the combination of poor trading performance, lower moving averages, and the stock's significant decline compared to the benchmark suggests a challenging environment for PDP Shipping at this time.