Why is Aik Pipes & Poly falling/rising?

As of 30-Jun, Aik Pipes & Polymers Ltd is experiencing a decline in its stock price, currently at Rs 70.30, which represents a decrease of 3.68 (-4.97%). The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.39% during this period. Today, it opened with a loss of 4.7% and reached an intraday low of Rs 70.30. Additionally, the stock's performance over the past week shows a decline of 3.70%, while its year-to-date performance indicates a significant drop of 36.75%. There is a notable decrease in investor participation, with delivery volume falling by 46.97% compared to the five-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has shown a positive return of 2.09% over the past week, contrasting sharply with Aik Pipes & Polymers Ltd's negative return. This underperformance relative to the benchmark indicates that the stock is not only struggling in the short term but also lagging behind the overall market trend. The stock's moving averages indicate that it is trading higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages, further emphasizing its recent weakness. Overall, the combination of declining stock performance, reduced investor interest, and unfavorable comparisons to the benchmark suggests that Aik Pipes & Polymers Ltd is facing significant challenges in the current market environment.