Why is Aik Pipes & Poly falling/rising?

As of 08-Oct, Aik Pipes & Polymers Ltd is experiencing a decline in its stock price, currently at Rs. 47.60, which represents a decrease of 4.04 (-7.82%). The stock has been underperforming significantly, with a consecutive fall over the last three days, resulting in a total decline of 27.82% in that period. Today, it hit a new 52-week low of Rs. 47.60 and opened with a loss of 3.85%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a notable increase in delivery volume, rising by 1166.67% against the 5-day average, the overall performance remains weak, with the stock underperforming its sector by 7.02%. There is no information available regarding positive or negative factors that could influence the stock's movement.
In the broader market context, Aik Pipes & Polymers Ltd's performance has been significantly worse than the benchmark, Sensex, which has shown a slight increase of 0.98% over the past week. The stock's year-to-date decline of 57.17% starkly contrasts with the Sensex's gain of 4.65%, highlighting a substantial underperformance. Over the past month, the stock has decreased by 23.14%, while the Sensex has risen by 1.22%. This disparity indicates that the stock is not only struggling in the short term but also failing to keep pace with the overall market trends.