Why is Acknit Indus. falling/rising?

As of 11-Sep, Acknit Industries Ltd is experiencing a decline in its stock price, currently at Rs 291.15, which reflects a decrease of Rs 8.3 or 2.77%. The stock has underperformed its sector by 3.26% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.95% during this period. Although the stock reached an intraday high of Rs 309.95, it also touched a low of Rs 290.7. The stock's performance over the past week shows a decline of 6.02%, while its year-to-date performance is down by 4.54%. Notably, the stock is trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 598.88% against the 5-day average.
In the broader market context, the Sensex has shown a positive return of 1.03% over the past week and 4.36% year-to-date, contrasting sharply with Acknit Industries' negative performance. This disparity indicates that while the overall market is gaining, Acknit Industries is struggling to keep pace, which may be contributing to the stock's decline. The stock's liquidity appears sufficient for trading, but the recent underperformance against the benchmark suggests that investor sentiment may be shifting away from it, further exacerbating its price drop.