Why is Polylink Poly. falling/rising?

As of 31-Oct, Polylink Polymers (India) Ltd is experiencing a decline in its stock price, currently at 23.00, which reflects a decrease of 0.3 or 1.29%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.54% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also decreased significantly, with delivery volume dropping by 72.5% compared to the 5-day average, suggesting a lack of confidence among investors. The stock's year-to-date performance shows a substantial decline of 23.08%, and it has underperformed against the benchmark Sensex, which has gained 7.42% in the same timeframe.
In the broader market context, Polylink Polymers' recent performance contrasts sharply with the Sensex, which has only declined by 0.32% over the past week while Polylink has dropped 5.54%. This significant underperformance highlights the stock's struggles relative to the overall market. Over the past year, Polylink has seen a staggering decline of 38.65%, while the Sensex has increased by 5.73%, further emphasizing the stock's challenges in attracting investor interest and maintaining liquidity. The absence of any positive factors in the provided data suggests that there are no mitigating circumstances to counterbalance the negative trends affecting the stock's price.