Why is Pradeep Metals falling/rising?

As of 17-Nov, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 233.90, which reflects a decrease of Rs 9.85 or 4.04%. The stock has been underperforming, having fallen consecutively for the last three days with a total drop of 9.38% during this period. Today, it reached an intraday high of Rs 250 but also fell to a low of Rs 226.7, indicating significant volatility. The stock's performance over the past week shows a decline of 7.44%, while it has gained 6.03% over the past month. However, year-to-date, it has dropped 11.32%, contrasting with the Sensex, which has increased by 8.72%. Notably, there has been a marked decrease in investor participation, with delivery volume falling by 51.42% against the five-day average, which may be contributing to the stock's downward trend.
Broader Market Context: In the context of the broader market, Pradeep Metals' recent performance has been notably weaker compared to the Sensex, which has gained 1.69% over the past week. While the stock has shown some resilience over a longer three-year period with a return of 57.99%, its short-term performance is concerning, especially given the significant underperformance against the benchmark. The stock's liquidity remains adequate for trading, but the declining investor interest and the stock's inability to maintain momentum above its moving averages suggest a challenging environment for recovery in the near term.