Why is Ponni Sug.Erode falling/rising?

As of 17-Sep, Ponni Sugars (Erode) Ltd is currently priced at 297.05, reflecting a slight decline of -0.1, or -0.03%. The stock has been experiencing a downward trend, having lost -2.11% over the last three days, and it is currently higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by -21.19% compared to the 5-day average. Year-to-date, the stock has seen a significant decline of -26.76%, and over the past year, it has dropped -37.59%, indicating ongoing challenges despite a positive return of +3.18% over the past month.
In the broader market context, the Sensex has outperformed Ponni Sugars in the short term, with a 1-week return of +1.56% compared to the stock's +0.44%. This underperformance relative to the benchmark may contribute to the stock's recent price decline. While the stock has shown some resilience over a longer period, with a +18.30% return over three years, the current negative momentum and falling investor interest suggest that market sentiment may be weighing heavily on its price.