Why is Plastiblends (I) falling/rising?

As of 06-Nov, Plastiblends India Ltd is experiencing a decline in its stock price, currently at Rs 171.80, which reflects a decrease of Rs 4.85 or 2.75%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.27% during this period. Additionally, it is trading close to its 52-week low, just 1.46% above Rs 169.3. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a decrease in investor participation, with delivery volume dropping by 3.88% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, Plastiblends India Ltd's recent performance has been notably poor compared to the benchmark Sensex, which has shown a slight gain of 1.86% over the past month. Over the past week, the stock has declined by 5.06%, while the Sensex has only decreased by 1.30%. Year-to-date, Plastiblends has seen a significant drop of 29.15%, contrasting sharply with the Sensex's increase of 6.62%. This stark difference in performance highlights the challenges faced by Plastiblends in the current market environment, further contributing to the downward pressure on its stock price.