Why is Prime Industries falling/rising?

As of 23-Sep, Prime Industries Ltd is experiencing a decline in its stock price, currently at Rs 51.10, which reflects a decrease of Rs 4.06 or 7.36%. The stock has been underperforming, having lost 10.26% over the last three days and is trading below all its moving averages. Although it opened with a gain of 4.79% today, it quickly fell to an intraday low of Rs 50.7, indicating high volatility with a wide trading range of Rs 7.1. Additionally, the stock has shown significant underperformance compared to the sector, with a daily performance lagging by 7.11%. Year-to-date, the stock has plummeted by 69.73%, contrasting sharply with the Sensex, which has gained 5.07% over the same period.
In the broader market context, Prime Industries' recent performance stands in stark contrast to the Sensex, which has only declined by 0.34% over the past week while the stock itself has fallen by 10.59%. This indicates that the stock is not only underperforming relative to the market but also facing significant challenges that are not affecting the broader index. Despite a rise in investor participation, as evidenced by a 126.52% increase in delivery volume, the overall sentiment remains negative, contributing to the stock's downward trajectory. The lack of positive factors in the provided data further emphasizes the challenges Prime Industries is facing in the current market environment.