Why is Polo Queen Ind. falling/rising?

As of 03-Nov, Polo Queen Industrial and Fintech Ltd is experiencing a decline in its stock price, currently at Rs. 36.10, which reflects a decrease of Rs. 3.32 or 8.42%. The stock has hit a new 52-week low of Rs. 35 today and has underperformed its sector by 8.77%. It has been on a downward trend, losing 9.52% over the last two days. Despite opening with a gain of 3.7% and reaching an intraday high of Rs. 40.88, the stock has faced significant volatility, trading in a wide range of Rs. 5.88. Additionally, it is trading below all key moving averages, indicating a bearish trend. The recent rise in delivery volume suggests increased investor participation, but this has not translated into positive price movement.
In the broader market context, Polo Queen's short-term performance has been notably poor compared to the Sensex, with a 1-week return of -9.09% against the benchmark's -0.94%. Over the past month, the stock has declined by 13.60%, while the Sensex has gained 3.41%. Year-to-date, Polo Queen has seen a staggering drop of 74.31%, contrasting sharply with the Sensex's 7.47% increase. This stark divergence highlights the challenges faced by Polo Queen in the current market environment, which is compounded by its recent price movements and overall performance metrics.