Why is Pearl Polymers falling/rising?

As of 06-Aug, Pearl Polymers Ltd is experiencing a decline in its stock price, currently at Rs 32.36, which represents a decrease of 2.66 (-7.6%). The stock has been underperforming, having lost 12.07% over the last two days and showing a significant drop of 15.93% over the past week. Today's trading has been characterized by high volatility, with an intraday volatility of 5.44%. Additionally, the stock's delivery volume has decreased significantly, falling by 58.53% compared to the 5-day average, indicating a reduction in investor participation. The stock's performance against the benchmark shows a year-to-date decline of 16.38%, contrasting with the Sensex's gain of 3.08%.
In the broader market context, while the Sensex has only declined by 1.15% over the past week, Pearl Polymers' substantial drop highlights its underperformance relative to the market. The stock's recent returns have been unfavorable, particularly in the short term, as it has not only fallen sharply but also lagged behind the benchmark's performance. This trend suggests that investor sentiment towards Pearl Polymers is currently negative, contributing to its declining stock price amidst a generally stable market environment.