Why is Aik Pipes & Poly falling/rising?

As of 17-Oct, Aik Pipes & Polymers Ltd is experiencing a decline in its stock price, currently at Rs 51.00, which represents a decrease of 5.99 or 10.51%. The stock has underperformed significantly today, opening with a loss of 11.76% and reaching an intraday low of Rs 50, reflecting a drop of 12.27%. Over the past week, the stock has decreased by 7.27%, and it has seen a substantial decline of 54.12% year-to-date. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. There is also a notable decrease in investor participation, with delivery volume falling by 61.54% compared to the 5-day average, which suggests a lack of confidence among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.76% over the past week, Aik Pipes & Polymers Ltd's performance has been significantly weaker. The stock's year-to-date decline of 54.12% starkly contrasts with the Sensex's positive return of 7.44%, highlighting a broader market resilience that the company has not mirrored. This disparity in performance underscores the challenges faced by Aik Pipes & Polymers Ltd, as it struggles to attract investor interest and maintain liquidity in a market that is otherwise showing positive trends.