Why is Poly Medicure falling/rising?

As of 15-Oct, Poly Medicure Ltd's stock price is currently at Rs 1,842.00, reflecting a decrease of Rs 15.3 or 0.82%. The stock has been experiencing a consecutive decline over the past five days, with a total drop of 3.66% in that period. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.05% away from Rs 1,822.65. Despite having a low debt-to-equity ratio and high institutional holdings, the company has reported flat results and a high valuation, which may be contributing to the negative sentiment among investors. The stock has underperformed significantly compared to the broader market, with a year-to-date return of -29.15% against the Sensex's gain of 5.72%.
In the broader market context, Poly Medicure's recent performance has been notably weaker than the benchmark, as evidenced by its one-week and one-month returns of -3.66% and -7.02%, respectively, compared to the Sensex's positive returns of +1.02% and +1.00%. This stark contrast highlights the stock's struggles in attracting investor interest, as indicated by a 39.25% drop in delivery volume relative to its five-day average. The overall market has shown resilience, while Poly Medicure's significant decline over the past year, coupled with a lack of positive catalysts, suggests that investor confidence is waning, further exacerbating its price decline.