Why is Polychem falling/rising?

As of 13-Nov, Polychem Ltd's stock price is currently at 2,140.00, reflecting a decrease of 16.1 points or 0.75%. The stock has been experiencing a downward trend, having lost 5.31% over the last two days. Although it opened with a gain of 4.26% today and reached an intraday high of Rs 2,249, it also touched a low of Rs 2,111. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a significant increase in delivery volume, rising by 267.02% against the 5-day average, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 19.09% compared to the Sensex's gain of 8.11%.
In the broader market context, Polychem's short-term performance has lagged behind the benchmark, with a 1-week return of -3.17% compared to the Sensex's positive return of +1.40%. This underperformance suggests that investor sentiment towards Polychem is weaker relative to the overall market. Despite the recent increase in trading volume, the stock's consecutive falls and its inability to maintain gains after opening higher today reflect ongoing challenges. The lack of available positive factors further emphasizes the stock's struggle to gain traction in a market that is otherwise showing resilience.