Why is Perfect Infraeng falling/rising?

As of 31-Jul, Perfect Infraengineers Ltd is experiencing a decline in its stock price, currently at Rs 8.45, which reflects a decrease of Rs 0.45 or 5.06%. The stock has underperformed significantly, with a 1-week return of -2.87% and a 1-month return of -24.89%. Additionally, it is currently trading lower than all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being only 4.73% above the low of Rs 8.05. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 72.97% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, the Sensex has shown a relatively modest decline of 1.17% over the past week, contrasting with Perfect Infraengineers' sharper decline. This suggests that the company's challenges are more pronounced than those faced by the overall market. Over the year, while the stock has plummeted by 69.60%, the Sensex has only decreased by 0.73%, highlighting the stock's significant underperformance relative to the benchmark. The lack of available positive factors further emphasizes the difficulties facing Perfect Infraengineers, contributing to its ongoing price decline.