Why is Pee Cee Cosma falling/rising?

As of 28-Oct, Pee Cee Cosma Sope Ltd is experiencing a decline in its stock price, currently at Rs 472.95, which reflects a decrease of Rs 9.6 or 1.99%. The stock has underperformed its sector by 1.44% today and has been on a downward trend for the last two days, accumulating a total loss of 7.68% 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 significant increase in delivery volume by 118.94% against the 5-day average, the overall performance remains weak, with a year-to-date decline of 20.22% and a one-year decline of 38.49%.
In the broader market context, while the Sensex has shown a modest gain of 0.24% over the past week, Pee Cee Cosma's short-term return of 1.91% over the same period indicates it has outperformed the benchmark recently. However, the stock's longer-term performance is concerning, with a substantial year-to-date underperformance compared to the Sensex's 8.30% gain. This disparity suggests that while there may be some short-term investor interest, the overall sentiment towards Pee Cee Cosma remains negative, contributing to its recent price decline.