Why is Solve Plastic falling/rising?

As of 26-Aug, Solve Plastic Products Ltd is experiencing a decline in its stock price, currently at 27.60, reflecting a decrease of 1.4, or 4.83%. The stock has underperformed its sector by 3.38% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.83%, and it has seen a significant decline of 20.80% over the past month. Year-to-date, the stock is down 39.21%, and it has plummeted 72.81% over the past year. Although there has been a slight increase in investor participation, with delivery volume rising by 7.14% against the 5-day average, the overall sentiment remains negative, and no positive factors are available to counterbalance the stock's recent poor performance.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.08% over the past week and 0.50% over the past month. This stark contrast highlights the significant challenges faced by Solve Plastic Products Ltd compared to the overall market. The liquidity of the stock appears adequate for trading, but the persistent downward trend in its price and the substantial losses over various periods suggest a lack of confidence among investors, contributing to its current decline.