Why is Acknit Indus. falling/rising?

As of 02-Sep, Acknit Industries Ltd is experiencing a decline in its stock price, currently at 288.40, reflecting a decrease of 7.7 points or 2.6%. The stock has underperformed its sector by 3.59% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.73% during this period. It opened with a significant gap down of 4.07% and reached an intraday low of Rs 284.05, while the day's high was Rs 307.95, indicating volatility. The stock's performance over the past week shows a decline of 1.90%, and over the past month, it has fallen by 10.13%, contrasting with the Sensex, which has seen a smaller decline of 0.78% in the same timeframe.
Broader Market Context: In the context of the broader market, Acknit Industries Ltd's short-term performance has lagged behind the Sensex, which has shown a slight decline compared to the stock's more significant drop. The stock's year-to-date performance is down by 5.44%, while the Sensex has gained 2.58%, further highlighting the stock's underperformance. Despite the recent increase in investor participation, with a notable rise in delivery volume, the overall sentiment appears negative, contributing to the stock's current downward trajectory.