Why is Pearl Polymers falling/rising?

As of 24-Sep, Pearl Polymers Ltd is experiencing a decline in its stock price, currently at 30.74, reflecting a decrease of 0.3 or 0.97%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.78% during this period. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The delivery volume has also decreased significantly, with a 55.03% drop compared to the 5-day average, indicating falling investor participation. The stock's year-to-date performance shows a substantial decline of 20.57%, contrasting sharply with the Sensex, which has gained 4.58% during the same period.
In the broader market context, Pearl Polymers' short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.29% compared to the Sensex's -1.18%. This underperformance is compounded by the stock's negative returns over the past month and year, which are -6.28% and -21.88%, respectively, while the Sensex has remained relatively stable. The overall market sentiment appears to be unfavorable for Pearl Polymers, as indicated by its declining stock price and reduced trading activity, suggesting that investors are cautious about the company's prospects in the current market environment.