Why is Aik Pipes & Poly falling/rising?

As of 07-Nov, Aik Pipes & Polymers Ltd is experiencing a decline in its stock price, currently at Rs 48.60, which reflects a decrease of 4.1 points or 7.78%. The stock has underperformed its sector by 7.66% today, opening with a significant loss of 7.78%. It reached an intraday low of Rs 48.60 and has been trading in a narrow range of Rs 0.05. Additionally, the stock has not traded on 2 out of the last 20 days, indicating erratic trading patterns. The stock's performance over the past week shows a decline of 1.82%, and it has significantly underperformed the benchmark Sensex over the past month and year, with year-to-date returns down by 56.28%.
In the broader market context, the Sensex has shown a positive return of 6.50% year-to-date, contrasting sharply with Aik Pipes & Polymers Ltd's substantial decline. This disparity highlights the company's struggles relative to the overall market. The stock's trading below all key moving averages and a notable drop in investor participation, with delivery volume falling by 72.97% against the 5-day average, further contribute to its negative momentum. Unfortunately, there is no available data on positive or negative factors that could provide additional context for the stock's recent performance.