Why is Poddar Pigments falling/rising?

As of 10-Nov, Poddar Pigments Ltd. is experiencing a decline in its stock price, currently at Rs 262.30, which reflects a decrease of Rs 8.85 or 3.26%. The stock has underperformed its sector by 3.3% today and has been on a downward trend, falling for the last two days with a total return of -5.82% during this period. Additionally, the stock is trading close to its 52-week low, just 2.78% away from Rs 255. Over the past week, the stock has decreased by 4.62%, and its year-to-date performance shows a significant drop of 27.60%, indicating a consistent underperformance compared to the Sensex, which has gained 6.91% in the same timeframe. The stock is also trading below all its moving averages, suggesting a bearish trend.
In the broader market context, while the Sensex has shown a slight decline of 0.53% over the past week, Poddar Pigments' performance has been notably worse, indicating a lack of investor confidence. The stock's liquidity appears adequate, with a delivery volume increase of 90.65% on November 7, suggesting rising investor participation despite the negative price movement. However, the erratic trading pattern, with the stock not trading on two days out of the last twenty, may contribute to the volatility and uncertainty surrounding its performance. Overall, the combination of poor recent returns, trading below moving averages, and the proximity to a 52-week low highlights the challenges Poddar Pigments is currently facing in the market.