Why is Piotex Indus. falling/rising?

As of 17-Oct, Piotex Industries Ltd is experiencing a decline in its stock price, currently at Rs 56.20, which reflects a decrease of Rs 3.8 or 6.33%. The stock has underperformed significantly, with a 1-week return of -15.49% and a year-to-date decline of -24.56%. Today's trading activity indicates erratic patterns, as the stock did not trade on 2 out of the last 20 days. It reached an intraday low of Rs 56.20, and the weighted average price suggests that more volume was traded close to this low. Despite a notable increase in delivery volume by 127.27% on October 16, the stock remains below its 5-day, 20-day, and 50-day moving averages, indicating a bearish trend.
In the broader market context, Piotex Industries Ltd's performance contrasts sharply with the Sensex, which has shown a positive return of +1.76% over the past week. This divergence highlights the stock's struggle to attract investor confidence compared to the overall market. While the stock's liquidity appears sufficient for trading, the persistent underperformance against the benchmark and the significant drop in its price suggest that investors are cautious, likely influenced by the erratic trading history and the lack of positive factors to support a rebound.