Why is Pil Italica Life falling/rising?

As of 19-Sep, Pil Italica Lifestyle Ltd is experiencing a decline in its stock price, currently at 14.76, which represents a decrease of 0.09 or 0.61%. The stock has been losing value for the last two days, with a total drop of 3.21% during this period. Despite this recent downturn, the stock has shown positive performance over longer periods, with a year-to-date increase of 5.05% and a significant 68.88% rise over the past three years. However, the stock's delivery volume has decreased by 23.65% compared to the five-day average, indicating falling investor participation, which may contribute to the recent price decline.
In the broader market context, the Sensex has outperformed Pil Italica Lifestyle Ltd in the short term, with a 1-week return of 0.88% compared to the stock's 0.68%. While the stock's performance over the last month and year has been positive relative to the benchmark, the current trend suggests a struggle to maintain momentum. The stock is trading above its 5-day, 20-day, and 50-day moving averages but below its 100-day and 200-day moving averages, which may indicate a potential resistance level. Overall, the combination of declining investor participation and recent price movements suggests that the stock is facing challenges in maintaining its upward trajectory.