Why is Plaza Wires falling/rising?

As of 07-Aug, Plaza Wires Ltd is experiencing a decline in its stock price, currently at 55.62, reflecting a decrease of 0.92 or 1.63%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.5% during this period. 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 significantly decreased, with a drop of 55.89% compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over the past year shows a substantial decline of 36.22%, contrasting sharply with the Sensex, which has gained 1.45%.
In the broader market context, Plaza Wires' short-term performance is notably worse than the benchmark, as it has declined by 4.78% over the past week compared to the Sensex's drop of only 0.69%. This underperformance highlights the stock's struggles relative to the overall market. Furthermore, the year-to-date performance shows a significant drop of 27.39% for Plaza Wires, while the Sensex has increased by 3.18%, indicating that investor sentiment towards Plaza Wires is weak compared to the broader market trends.