Why is Polylink Poly. falling/rising?

As of 12-Nov, Polylink Polymers (India) Ltd is experiencing a decline in its stock price, currently at Rs. 21.65, which reflects a decrease of Rs. 0.63 or 2.83%. The stock has hit a new 52-week low of Rs. 20.9 today and is underperforming its sector by 3.98%. Additionally, Polylink is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.95%, and it has shown significant underperformance year-to-date with a decline of 27.59%. The delivery volume has increased by 87.1% compared to the 5-day average, suggesting rising investor participation, although the overall sentiment remains negative.
In the broader market context, the Sensex has increased by 1.21% over the past week, contrasting sharply with Polylink's decline. This indicates that while the market is generally performing well, Polylink is struggling significantly, as evidenced by its negative returns across various time frames, including a 35.95% drop over the past year. The stock's performance is not only lagging behind the benchmark but also reflects a broader trend of underperformance relative to the market, which may be contributing to investor caution and the stock's current downward trajectory.