Why is Acknit Indus. falling/rising?

As of 05-Sep, Acknit Industries Ltd is experiencing a decline in its stock price, currently at Rs 297.00, which represents a decrease of Rs 12.8 or 4.13%. The stock has underperformed its sector by 3.69% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 297, and the volume traded was more concentrated near this low price, indicating a lack of investor confidence. Additionally, the delivery volume has significantly decreased by 80.66% compared to the 5-day average, suggesting a falling investor participation. Over the past year, the stock has seen a decline of 2.69%, while it has performed positively over the last three and five years, with returns of 80.33% and 364.79%, respectively.
In the broader market context, the Sensex has increased by 1.13% over the past week, while Acknit Industries Ltd has only gained 0.17% in the same period, indicating a relative underperformance. Year-to-date, the stock is down 2.62%, contrasting with the Sensex's gain of 3.29%. This divergence highlights the stock's struggles in a generally positive market environment. Despite being above its 5-day, 20-day, 100-day, and 200-day moving averages, it remains below the 50-day moving average, further indicating a potential weakness in momentum. Overall, the combination of declining investor participation and underperformance relative to the benchmark suggests that the stock is facing challenges in maintaining its value.