Why is Pearl Polymers falling/rising?

As of 17-Nov, Pearl Polymers Ltd is experiencing a decline in its stock price, currently at Rs 25.30, which reflects a decrease of Rs 1.03 or 3.91%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.07% 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. Despite a rise in delivery volume by 23.14% on November 14, the overall performance today has underperformed the sector by 2.68%. The stock's year-to-date return is notably negative at -34.63%, further contributing to the downward pressure.
In the broader market context, Pearl Polymers' recent performance contrasts sharply with the Sensex, which has gained 1.69% over the past week and 8.72% year-to-date. This significant disparity highlights the stock's struggles relative to the overall market. Over the last month, Pearl Polymers has declined by 13.47%, while the Sensex has increased by 1.19%, further emphasizing the stock's underperformance. The lack of available positive or negative factors in the dashboard limits a comprehensive analysis of the reasons behind the stock's movement, but the persistent decline in price and underperformance against the benchmark suggest a challenging environment for investors in Pearl Polymers Ltd.