Why is Polyplex Corpn falling/rising?

As of 20-Aug, Polyplex Corporation Ltd is experiencing a decline in its stock price, currently at 1,053.50, which reflects a decrease of 7.2 or 0.68%. The stock has underperformed significantly, with a consecutive fall over the last six days resulting in a total decline of 7.59%. It is currently trading 3.32% away from its 52-week low and is below all key moving averages, indicating a bearish trend. The company has also shown poor long-term growth, with an annual operating profit decline of 35.79% over the last five years. Additionally, the recent quarterly results have been disappointing, with a negative profit after tax and the lowest operating profit to net sales ratio recorded. The high percentage of pledged promoter shares (99.94%) further exacerbates the downward pressure on the stock. In the broader market context, Polyplex Corporation's performance has been notably weak compared to the benchmark, with a one-week return of -5.78% against the Sensex's gain of 1.64%. Over the past year, the stock has generated a return of -19.84%, while the Sensex has increased by 4.76%. This consistent underperformance highlights the challenges faced by the company, particularly in a market where it has lagged behind its peers and the broader index for several years. The falling investor participation, as indicated by a decrease in delivery volume, also suggests a lack of confidence among investors, further contributing to the stock's decline.