Why is Punjab Commun. falling/rising?

As of 08-Oct, Punjab Communications Ltd is experiencing a decline in its stock price, currently at 48.78, which reflects a decrease of 0.06 or 0.12%. The stock has underperformed its sector by 0.91% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 0.25%. 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 significantly decreased, falling by 95.74% compared to the 5-day average, suggesting a lack of investor interest. The stock's year-to-date performance shows a decline of 13.36%, contrasting sharply with the Sensex's gain of 4.65%, highlighting its struggles in the current market environment.
In the broader market context, Punjab Communications Ltd's short-term performance has been notably poor compared to the benchmark, as it has declined by 2.09% over the past week while the Sensex has risen by 0.98%. This underperformance is further emphasized by the stock's negative returns over the past month and year, with declines of 2.44% and 12.25%, respectively, while the Sensex has shown positive returns in both periods. The overall liquidity of the stock remains adequate for trading, but the significant drop in delivery volume indicates waning investor confidence, contributing to the stock's recent downward trajectory.