Why is Premco Global falling/rising?

As of 06-Aug, Premco Global Ltd. is experiencing a price decline, currently at Rs 469.50, which reflects a decrease of Rs 4.5 or 0.95%. The stock opened lower today, with a loss of 2.31%, and reached an intraday low of Rs 463.05. Despite this, the stock has shown strong performance over the past week and month, with returns of 6.58% and 10.17% respectively, outperforming the Sensex, which has declined by 1.15% and 3.46% in the same periods. Additionally, Premco Global is trading above its moving averages across various time frames, indicating a generally positive trend. However, there has been a significant drop in investor participation, with delivery volume falling by 92.26% compared to the 5-day average, which may contribute to the current price decline.
In the broader market context, while Premco Global has outperformed the sector today, the textile sector itself has seen a decline of 2.07%. The stock's year-to-date return of 7.86% is still positive, contrasting with the Sensex's gain of 3.08%. However, the overall market sentiment appears to be cautious, as evidenced by the falling investor participation and the sector's downturn. The high dividend yield of 9.13% at the current price may provide some support for the stock, but the recent price movement suggests that investors are reacting to broader market conditions and sector-specific challenges.