Why is Ponni Sug.Erode falling/rising?

As of 11-Nov, Ponni Sugars (Erode) Ltd is experiencing a decline in its stock price, currently at 290.00, which reflects a decrease of 3.25 or 1.11%. The stock has been on a downward trend, losing value for the last five consecutive days, resulting in a total decline of 4.67% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Furthermore, there has been a decrease in investor participation, with delivery volume falling by 6.09% compared to the 5-day average. The stock has also underperformed significantly year-to-date, with a decline of 28.50%, and over the past year, it has fallen by 32.35%.
In the broader market context, the Sensex has shown a positive return of 0.49% over the past week, contrasting sharply with Ponni Sugars' decline of 3.40% in the same period. While the benchmark has gained 1.66% over the past month, Ponni Sugars has only managed a slight increase of 0.68%. This underperformance relative to the benchmark suggests that market sentiment is not favoring Ponni Sugars at this time, contributing to its falling stock price. Overall, the combination of declining stock performance, reduced investor interest, and negative returns compared to the broader market indicates a challenging environment for Ponni Sugars (Erode) Ltd.