Why is Pearl Polymers falling/rising?

As of 23-Sep, Pearl Polymers Ltd is experiencing a slight decline in its stock price, currently at 31.04, which reflects a decrease of 0.04 or 0.13%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.83%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 17.28% compared to the 5-day average, suggesting a reduction in investor participation. Year-to-date, the stock has dropped by 19.79%, while its performance over the past year shows a decline of 23.07%, further highlighting its recent struggles.
In the broader market context, the Sensex has shown a positive return of 5.07% year-to-date, contrasting sharply with Pearl Polymers' significant decline. Over the past week, the stock has fallen by 2.70%, while the benchmark has only decreased by 0.34%, indicating a notable underperformance relative to the market. This disparity in performance suggests that investor sentiment towards Pearl Polymers is weak compared to the overall market, contributing to its declining stock price.