Why is Pyramid Technopl falling/rising?

As of 28-Jul, Pyramid Technoplast Ltd is experiencing a decline in its stock price, currently at Rs 159.45, which represents a decrease of 8.0 points or 4.78%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total decline of 8.83% during this period. Additionally, it opened with a loss of 2.06% today and reached an intraday low of Rs 159.4. Over the past week, the stock has dropped by 8.47%, and in the last month, it has decreased by 11.34%. The company has also seen a reduction in investor participation, with delivery volume falling by 25.21% compared to the five-day average. Despite having a low debt-to-equity ratio and an attractive valuation, the stock's performance has been hindered by a consistent underperformance against benchmarks and a decline in profits by 9% over the past year.
Broader market context shows that while the Sensex has declined by only 1.59% over the past week, Pyramid Technoplast Ltd's performance has been considerably worse, indicating a lack of investor confidence in the company. The stock's year-to-date return is down by 22.97%, contrasting sharply with the Sensex's positive return of 3.52%. This consistent underperformance, coupled with flat results and poor long-term growth prospects, has led to a lack of interest from domestic mutual funds, which hold no stake in the company. Overall, the combination of negative sentiment, declining investor participation, and poor financial performance has contributed to the stock's downward trajectory.