Why is Permanent Magnet falling/rising?

As of 17-Nov, Permanent Magnets Ltd is experiencing a decline in its stock price, currently at Rs 805.70, which reflects a decrease of Rs 12.85 or 1.57%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total drop of 10.08% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 9.88%, and over the past month, it has decreased by 18.30%. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 27.73% compared to the five-day average, contributing to the stock's downward momentum.
In contrast, the broader market, represented by the Sensex, has shown positive movement, gaining 1.69% over the past week and 1.19% over the past month. This stark contrast highlights the underperformance of Permanent Magnets Ltd relative to the benchmark. Year-to-date, while the stock has declined by 16.59%, the Sensex has increased by 8.72%, further emphasizing the stock's struggles in the current market environment. The lack of available positive factors in the dashboard suggests that there are no significant catalysts to reverse the current trend, reinforcing the challenges faced by the company in attracting investor interest.