Why is Plastiblends (I) falling/rising?

As of 29-Sep, Plastiblends India Ltd is experiencing a decline in its stock price, currently at Rs 182.40, which reflects a decrease of Rs 3.4 or 1.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.64% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past year shows a significant drop of 41.64%, while its operating profit has decreased at an annual rate of 4.28% over the last five years. The company also reported its lowest operating cash flow and dividend per share in the recent financial year, contributing to its negative outlook.
In the broader market context, Plastiblends has underperformed against the Sensex, which has seen a modest gain of 2.85% year-to-date, while Plastiblends has dropped 24.78% in the same timeframe. The stock's recent performance is further exacerbated by a decline in investor participation, with delivery volume falling by 20.36% compared to the 5-day average. This lack of interest, combined with the company's expensive valuation relative to its peers and consistent underperformance over the last three years, suggests a challenging environment for the stock, leading to its current downward trajectory.