Why is Punjab Chemicals falling/rising?

As of 08-Aug, Punjab Chemicals & Crop Protection Ltd is experiencing a decline in its stock price, currently at Rs 1,295.00, which reflects a decrease of Rs 35.0 or 2.63%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 9.16% during this period. Additionally, the stock's performance today has underperformed its sector by 0.49%. In terms of returns, while the stock has shown a positive trend over the past month with an increase of 11.64%, it has also faced a significant drop of 6.69% over the past week, contrasting with the Sensex's decline of only 0.92% in the same timeframe. The stock's liquidity appears adequate, but there has been a notable decrease in investor participation, with delivery volume dropping by 80.63% compared to the five-day average.
Broader Market Context: The broader market context shows that the Pesticides & Agrochemicals sector has also declined by 2.27%, indicating a challenging environment for stocks within this industry. While Punjab Chemicals has outperformed the Sensex year-to-date with a gain of 21.03% compared to the benchmark's 2.20%, its recent short-term performance has been weaker than the market. The stock's moving averages suggest that it is currently positioned lower than its shorter-term averages but higher than its longer-term ones, indicating mixed signals regarding its momentum. Overall, the combination of sector-wide declines, reduced investor participation, and recent negative performance trends are contributing factors to the stock's current downward movement.