Why is Pix Transmission falling/rising?

As of 11-Aug, Pix Transmission Ltd's stock price is currently at Rs. 1,395.30, reflecting a decline of Rs. 127.1, or 8.35%. Today's price summary indicates that the stock has hit a new 52-week low of Rs. 1,321.05, opening with a significant loss of 13.23%. The stock has underperformed its sector by 6.2% and has shown high volatility, trading within a wide range of Rs. 215.6. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 8.24%, and its year-to-date performance shows a substantial decline of 44.03%. The company's low debt-to-equity ratio of 0.09 suggests financial stability; however, poor long-term growth, as indicated by a low annual net sales growth rate of 13.09% over the last five years, raises concerns about its future performance.
In the broader market context, the Sensex has only declined by 0.51% over the past week, indicating that Pix Transmission's performance is significantly worse than the overall market. The stock's recent drop can be attributed to falling investor participation, with delivery volume decreasing by 18.75% compared to the 5-day average. Despite the company's profits rising by 19.8% over the past year, the stock has generated a return of -7.15%, suggesting that investor sentiment remains negative. The lack of domestic mutual fund investment, which stands at 0%, further highlights a lack of confidence in the company's valuation and business prospects, contributing to the stock's downward trend.