Why is Pearl Global Ind falling/rising?

As of 06-Aug, Pearl Global Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,328.20, which reflects a decrease of Rs 41.7 or 3.04%. The stock has underperformed its sector by 0.97% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.78% during this period. Additionally, the stock has shown significant negative returns over the past week and month, with declines of 19.01% and 15.40%, respectively. The stock's performance today also saw it touch an intraday low of Rs 1,319.65, indicating a lack of buying interest as evidenced by a 61.86% drop in delivery volume compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only fallen by 1.15% over the past week. While Pearl Global Industries has shown a strong performance over the long term, with a 1-year return of 46.28% and a staggering 538.56% over three years, its recent short-term performance has been significantly weaker than the benchmark. The textile sector, in which the company operates, has also declined by 2.05%, reflecting a broader trend that may be affecting investor sentiment and contributing to the stock's recent price decline.