Why is Purple Entertain falling/rising?

As of 11-Nov, Purple Entertainment Ltd's stock price is currently at 6.28, reflecting a decrease of 0.02 or 0.32%. The stock has been experiencing a downward trend, having lost 5.28% over the last two days. Despite this recent decline, the stock has shown strong performance over the past week, with a return of 3.12%, and an impressive 45.71% increase over the past month. However, the stock's delivery volume has decreased significantly, falling by 32.71% against the 5-day average, indicating a drop in investor participation. Additionally, while the stock is trading above its 20, 50, 100, and 200-day moving averages, it is below its 5-day moving average, suggesting mixed short-term momentum.
In the broader market context, the Sensex has increased by 0.49% over the past week, which indicates that Purple Entertainment's recent performance is outperforming the benchmark. However, the film production, distribution, and entertainment sector has seen a decline of 3.49%, which may be contributing to the stock's struggles. Over the past year, Purple Entertainment has outperformed the benchmark with a return of 42.40% compared to the Sensex's 5.50%. Despite this, the stock has faced significant challenges over the longer term, with a 3-year decline of 17.91% and a staggering 66.86% drop over the past five years, which may be weighing on investor sentiment.