Why is Purple Entertain falling/rising?

As of 08-Oct, Purple Entertainment Ltd is experiencing a decline in its stock price, currently at 4.42, which reflects a decrease of 0.03 or 0.67%. The stock has shown a negative performance today, although it has outperformed its sector by 1%. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 57.06% against the 5-day average. The stock has also underperformed in the longer-term, with a year-to-date decline of 18.75% compared to a 4.65% increase in the benchmark Sensex.
Broader Market Context: In the short term, Purple Entertainment Ltd's performance over the past week has been notably poor, with a decline of 5.96%, while the Sensex has increased by 0.98%. This stark contrast highlights the stock's struggles relative to the broader market. Over the past month, however, the stock has shown some recovery with a gain of 5.24%, outpacing the Sensex's 1.22% increase. Overall, the stock's recent performance indicates a challenging environment, compounded by falling investor interest and significant long-term underperformance compared to the benchmark.