Why is Piccadily Agro falling/rising?

As of 18-Aug, Piccadily Agro Industries Ltd is experiencing a decline in its stock price, currently at Rs 604.80, which reflects a decrease of Rs 14.35 or 2.32%. The stock has underperformed its sector by 1.8% today and has been on a downward trend for the last two days, accumulating a total loss of 3.63%. The stock reached an intraday high of Rs 637 but also hit a low of Rs 603, indicating significant volatility. Over the past week, the stock has fallen by 5.20%, and its year-to-date performance shows a substantial decline of 33.51%. The company's recent financial results have been disappointing, with a notable increase in interest expenses and a significant drop in profit before tax and profit after tax compared to previous quarters, contributing to its negative performance.
In the broader market context, while the Sensex has shown a slight gain of 0.83% over the past week, Piccadily Agro's performance has been markedly worse, highlighting its struggle to keep pace with the market. The stock's year-on-year return of -19.65% starkly contrasts with the Sensex's modest gain of 1.04%, indicating a persistent underperformance. Additionally, the stock's liquidity has been affected by a significant drop in delivery volume, which has decreased by 64.4% against the five-day average. This decline in investor participation, coupled with the company's expensive valuation metrics and a high PEG ratio, suggests that market sentiment remains negative towards Piccadily Agro, further exacerbating its stock price decline.