Why is Perfect Infraeng falling/rising?

As of 23-Oct, Perfect Infraengineers Ltd is experiencing a decline in its stock price, currently at Rs. 4.20, which represents a decrease of Rs. 0.2 or 4.55%. The stock has hit a new 52-week and all-time low today, indicating significant downward pressure. Over the past week, the stock has underperformed the sector by 4.24% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has seen a substantial decline in returns, with a year-to-date drop of 77.48% and a one-year decline of 86.56%. While there has been a rise in delivery volume by 25% against the 5-day average, the overall sentiment remains negative, and no positive factors are noted to counterbalance the stock's poor performance.
In the broader market context, the Sensex has shown a positive return of 1.20% over the past week, contrasting sharply with Perfect Infraengineers Ltd's decline of 8.70% during the same period. This stark difference highlights the stock's underperformance relative to the benchmark index. Furthermore, while the market has generally seen positive movement, Perfect Infraengineers Ltd's significant losses over various time frames, including a 61.64% drop over five years compared to the Sensex's gain of 117.02%, underscores the challenges the company faces in attracting investor confidence amidst a recovering market.