Why is Piotex Indus. falling/rising?

As of 29-Aug, Piotex Industries Ltd's stock price is currently at 61.15, reflecting a decline of 1.2 points or 1.92%. The stock has underperformed its sector today by 1.22%, and it has shown erratic trading patterns, not trading on 2 out of the last 20 days. The stock has also traded within a narrow range of Rs 0.04. In terms of returns, the stock has experienced a significant decline of 17.92% year-to-date and 22.59% over the past year, while the benchmark Sensex has gained 2.14% year-to-date and lost only 2.83% over the same period. Notably, there has been a rise in investor participation, with delivery volume increasing by 1108.33% against the 5-day average, which may indicate growing interest despite the overall downward trend.
Broader market context shows that Piotex Industries Ltd has underperformed compared to the Sensex, particularly in the short term, with a 1-week decline of 5.79% compared to the benchmark's drop of 1.84%. This suggests that the stock is facing challenges that are more pronounced than those affecting the broader market. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value, which may help facilitate transactions despite the negative price movement. Overall, the combination of poor performance metrics, erratic trading, and underperformance relative to the benchmark contributes to the stock's current decline.