Why is Perfect Infraeng falling/rising?

As of 06-Aug, Perfect Infraengineers Ltd is experiencing a decline in its stock price, currently at Rs 8.10, which reflects a decrease of Rs 0.35 or 4.14%. The stock has underperformed significantly, with a 1-week return of -8.99% and a 1-month return of -18.59%. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 4.32% away from Rs 7.75. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 54.55% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has only declined by 1.13% over the past week and 3.48% over the past month, indicating that Perfect Infraengineers Ltd is underperforming relative to the benchmark index. While the broader market has shown some resilience, the company's year-to-date performance is particularly concerning, with a staggering decline of 56.57% compared to the Sensex's gain of 3.93%. This stark contrast highlights the challenges faced by Perfect Infraengineers Ltd, contributing to its downward price movement amidst a relatively stable market environment.