Why is Poddar Pigments falling/rising?

As of 18-Sep, Poddar Pigments Ltd. is experiencing a decline in its stock price, currently at 290.00, which reflects a decrease of 0.75 or 0.26%. The stock has been losing value for the past two days, with a total drop of 1.33% during this period. Despite showing higher performance than the 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. The stock's year-to-date performance is notably poor, down 19.96%, and it has fallen 32.40% over the past year, indicating a significant underperformance compared to the benchmark Sensex, which has gained 6.24% year-to-date.
In the broader market context, while Poddar Pigments has shown a slight increase of 1.45% over the past week, this is less than the Sensex's gain of 1.80% in the same period. The rising investor participation, evidenced by a 44.29% increase in delivery volume on 17 September, suggests some interest in the stock, although this has not translated into a positive price movement recently. The liquidity of the stock appears adequate for trading, but the overall negative sentiment reflected in its recent performance and the consecutive days of decline may be contributing to the downward pressure on its price.