Why is Pitti Engg. falling/rising?

As of 06-Aug, Pitti Engineering Ltd's stock is currently priced at Rs 929.50, reflecting an increase of Rs 13.6, or 1.48%. Despite this uptick today, the stock has shown a negative performance over the past week and month, with declines of 2.36% and 3.57%, respectively. The stock's performance today has outperformed its sector by 1.75%, although it touched an intraday low of Rs 888.15, indicating volatility. Additionally, Pitti Engineering is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. There has also been a notable decrease in investor participation, with delivery volume falling by 43.44% compared to the 5-day average, indicating reduced interest among investors.
In the broader market context, Pitti Engineering's short-term returns have underperformed the benchmark Sensex, which has declined by only 1.15% over the past week while Pitti Engineering fell by 2.36%. Year-to-date, Pitti Engineering has significantly lagged behind the Sensex, with a decline of 29.47% compared to the benchmark's increase of 3.08%. This stark contrast highlights the challenges faced by Pitti Engineering in attracting investor confidence, despite its strong long-term performance over three and five years. Overall, the combination of recent price movements, declining investor participation, and underperformance relative to the benchmark suggests a cautious outlook for the stock.