Why is Power & Instrum. falling/rising?

As of 04-Nov, Power & Instrumentation (Gujarat) Ltd is experiencing a decline in its stock price, currently at Rs 146.75, which reflects a decrease of Rs 1.6 or 1.08%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.11% during this period. Additionally, the stock's performance over the past week shows a drop of 4.52%, and it has significantly underperformed the benchmark Sensex, which has gained 2.77% over the past month. The stock is trading below all its moving averages, indicating a bearish trend. Although there has been a notable increase in investor participation, with delivery volume rising by 111.38% against the 5-day average, the overall sentiment remains negative.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a positive return of 6.81% year-to-date, Power & Instrumentation has suffered a substantial decline of 55.71%. This stark contrast highlights the stock's struggles in the current market environment. The broader market has been relatively stable, while the company’s stock continues to face downward pressure, suggesting that investor confidence is low despite increased trading activity. The lack of available positive factors further emphasizes the challenges the company is facing, contributing to its ongoing price decline.