Why is Acknit Indus. falling/rising?

As of 23-Sep, Acknit Industries Ltd's stock price is currently at Rs 290.00, reflecting a decrease of Rs 10.0 or 3.33%. The stock has underperformed its sector by 2.71% today, opening with a significant loss of 6% and experiencing high volatility with an intraday range of Rs 47.6. Although the stock touched an intraday high of Rs 318.8, it also reached a low of Rs 271.2, indicating erratic trading behavior. Over the past week, the stock has declined by 0.38%, and its year-to-date performance shows a drop of 4.92%, contrasting with a 5.07% increase in the benchmark Sensex. Notably, there has been a rise in investor participation, with delivery volume increasing by 82.74% against the 5-day average, suggesting some interest despite the overall downward trend.
Broader Market Context: In the short term, Acknit Industries Ltd's performance has lagged behind the Sensex, which has shown a slight increase of 0.98% over the past month, while Acknit's stock has decreased by 3.97%. This underperformance is further highlighted by its year-over-year decline of 15.03% compared to the Sensex's drop of only 3.33%. The broader market context indicates that while the stock has historically performed well over longer periods, recent trends suggest a challenging environment for Acknit Industries Ltd, contributing to its current price decline.