Why is Poddar Pigments falling/rising?

As of 29-Aug, Poddar Pigments Ltd. is currently priced at 267.30, reflecting an increase of 0.9 or 0.34%. The stock has shown a positive performance today, having outperformed its sector by 0.4% and gained 2.43% over the last two days. However, it is trading lower than all its moving averages, indicating a bearish trend. Over the past year, the stock has significantly underperformed, generating a return of -38.40%, while its profits have decreased by 34.5%. The company has a low Debt to Equity ratio, which is a positive factor, but its poor long-term growth and negative recent financial results, including a PAT decline of 43.09%, contribute to a negative outlook.
In the broader market context, Poddar Pigments has underperformed the Sensex, with a 1-week return of -5.63% compared to the benchmark's -1.84%. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume suggests falling investor participation. While the stock is trading at a fair value relative to its peers, the overall negative sentiment due to poor financial performance and a lack of growth prospects has overshadowed these positives, leading to its recent price movements.