Why is Piotex Indus. falling/rising?

As of 15-Oct, Piotex Industries Ltd is experiencing a significant decline in its stock price, currently at Rs 53.20, which represents a decrease of Rs 13.3 or 20.0%. Today's trading activity has shown erratic patterns, with the stock opening higher at an intraday gain of 2.26% but quickly falling to a day's low of Rs 53.20, reflecting a high level of volatility with an intraday fluctuation of 12.21%. The stock has underperformed its sector by 20.98% today, and its recent performance over the past week and month shows a decline of 20.00% and 18.15%, respectively. Additionally, the delivery volume has dropped significantly, indicating a falling investor participation, which may contribute to the downward pressure on the stock price.
In the broader market context, Piotex Industries Ltd's performance contrasts sharply with the Sensex, which has seen a modest increase of 1.02% over the past week and 1.00% over the past month. The stock's year-to-date return is down 28.59%, while the Sensex has gained 5.72% in the same period, highlighting a significant underperformance relative to the benchmark. This disparity suggests that investor sentiment towards Piotex is weak, compounded by the stock's recent volatility and declining trading volumes, which may deter potential buyers and further exacerbate the stock's decline.