Why is Polyplex Corpn falling/rising?

As of 09-Sep, Polyplex Corporation Ltd's stock price is currently at 1,022.25, reflecting a decrease of 8.75 points or 0.85%. The stock has been underperforming, having fallen consecutively over the last two days, resulting in a total decline of 1.14%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is close to its 52-week low, just 2.96% away from Rs 992. Additionally, the company has reported poor long-term growth, with an operating profit decline of 35.79% over the past five years, and recent quarterly results showed a significant drop in profit after tax and operating profit margins. The high percentage of pledged promoter shares, at 99.94%, adds further downward pressure in a declining market.
In the broader market context, Polyplex Corporation's short-term performance has lagged behind the benchmark, with a 1-week return of 0.70% compared to the Sensex's 1.18%. Over the past month, the stock has decreased by 9.53%, while the benchmark has gained 1.56%. This consistent underperformance against the BSE500 over the last three years, coupled with a high valuation relative to peers, contributes to a negative sentiment surrounding the stock. The falling investor participation, evidenced by a 19.66% drop in delivery volume, further indicates a lack of confidence among investors, reinforcing the stock's downward trajectory.