Why is Pratiksha Chem. falling/rising?

As of 18-Nov, Pratiksha Chemicals Ltd is experiencing a decline in its stock price, currently at 17.80, which reflects a decrease of 0.82 or 4.4%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.53% 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 trend. The delivery volume has also significantly decreased, falling by 93.5% compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over various time frames shows a substantial decline, with a year-to-date drop of 25.83% and a three-year decline of 42.95%, further emphasizing its recent struggles.
In contrast, the broader market, represented by the Sensex, has shown positive movement, gaining 0.96% over the past week and 8.36% year-to-date. This stark difference highlights Pratiksha Chemicals' underperformance relative to the benchmark, as it has not only declined in the short term but also over the longer term compared to the market's growth. The stock's negative performance against the benchmark indicates that external market conditions are favoring other investments, while Pratiksha Chemicals continues to face challenges that are impacting its stock price negatively.