Why is Peninsula Land falling/rising?

As of 26-Sep, Peninsula Land Ltd's stock price is currently at 33.20, reflecting a decrease of 0.97, or 2.84%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 10.15% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 40.05% compared to the 5-day average. The stock has shown poor performance over various time frames, including a year-to-date decline of 21.70% and a one-year drop of 38.52%, while the benchmark Sensex has gained 2.93% and lost only 6.30% over the same periods.
In the broader market context, Peninsula Land's short-term performance has been notably worse than the benchmark, with a one-week decline of 7.50% compared to the Sensex's 2.66% drop. This underperformance highlights the stock's struggles relative to the market, suggesting a lack of investor confidence. The significant drop in delivery volume and consecutive days of decline further emphasize the stock's weak position in the current market environment. Overall, the combination of negative returns, declining investor interest, and poor technical indicators contributes to the ongoing downward pressure on Peninsula Land's stock price.