Why is Pradeep Metals falling/rising?

As of 30-Sep, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 218.80, which reflects a decrease of Rs 7.65 or 3.38%. The stock has underperformed its sector by 3.62% today, reaching an intraday low of Rs 212, marking a drop of 6.38%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.76%, and it has seen a significant decline of 17.04% year-to-date, while its one-year performance shows a drop of 24.55%. Notably, there has been a sharp decrease in investor participation, with delivery volume falling by 68.27% compared to the 5-day average, which suggests waning interest among investors.
In the broader market context, the Sensex has shown a slight decline of 2.23% over the past week, indicating that the overall market sentiment is also negative, although it has gained 2.72% year-to-date. This context highlights that while Pradeep Metals is underperforming relative to the benchmark, the broader market is not performing strongly either. The significant drop in trading volume and the stock's consistent underperformance against both its sector and the benchmark suggest that investor confidence is low, contributing to the recent price decline.