Why is Plastiblends (I) falling/rising?

As of 16-Sep, Plastiblends India Ltd is experiencing a decline in its stock price, currently at Rs 191.50, reflecting a decrease of Rs 3.85 or 1.97%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.3%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a drop of 24.24% compared to the 5-day average, suggesting a reduction in investor participation. Over the past year, the stock has seen a substantial decline of 41.46%, while its year-to-date performance shows a drop of 21.03%.
In the broader market context, Plastiblends' recent performance contrasts sharply with the Sensex, which has gained 1.58% over the past week and 5.43% year-to-date. While Plastiblends has shown a slight increase of 2.35% over the past month, it still lags behind the benchmark's performance of 2.21% in the same period. This underperformance relative to the market may be contributing to the negative sentiment surrounding the stock, as investors may be favoring other opportunities that are yielding better returns.