Why is Pearl Polymers falling/rising?

As of 29-Sep, Pearl Polymers Ltd is currently priced at 29.00, reflecting a decrease of 0.35, or 1.19%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.84% during this period. 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 decreased by 6.69%, and year-to-date, it has dropped 25.06%. While there has been a notable increase in investor participation, with delivery volume rising by 75.62% against the 5-day average, the overall sentiment remains negative as there are no positive factors reported to counterbalance the stock's decline.
Broader market context indicates that Pearl Polymers has significantly underperformed compared to the Sensex, which has gained 2.85% year-to-date. The stock's performance over the past month shows a decline of 9.32%, contrasting sharply with the Sensex's modest increase of 0.70%. This underperformance in the short term highlights the challenges faced by Pearl Polymers in attracting investor confidence, especially when compared to the broader market trends. The liquidity of the stock remains adequate for trading, but the persistent downward movement suggests that investors are cautious amid the prevailing market conditions.