Why is Piotex Indus. falling/rising?

As of 11-Sep, Piotex Industries Ltd is experiencing a decline in its stock price, currently at Rs 62.80, which reflects a decrease of Rs 2.1 or 3.24%. The stock has underperformed its sector by 3.73% today and has fallen after eight consecutive days of gains. It opened the day with a loss of 2.93% and reached an intraday low of Rs 62.75, indicating significant selling pressure. Additionally, the stock's delivery volume has decreased by 50% compared to the five-day average, suggesting a drop in investor participation. Over the past month, the stock has declined by 3.38%, and year-to-date, it is down 15.70%, contrasting sharply with the Sensex, which has gained 4.36% during the same period.
In the broader market context, Piotex Industries' short-term performance has been weaker than the benchmark, as it has underperformed the Sensex by 1.67% over the past week. While the Sensex has shown a modest increase of 1.03% in the same timeframe, Piotex's negative trajectory highlights a lack of investor confidence and potential issues specific to the company. The stock's performance over the last year also reflects a decline of 12.78%, while the Sensex has remained relatively flat, indicating that broader market trends are not favoring Piotex Industries at this time.