Why is AKI India falling/rising?

As of 29-Oct, AKI India Ltd's stock price is currently at 8.04, reflecting a decline of 0.42, or 4.96%. The stock has been underperforming significantly, with a consecutive fall over the last two days and a total return of -6.51% in the past week. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has experienced a sharp decline in delivery volume, which has fallen by 57.3% compared to the 5-day average, suggesting reduced investor interest. The stock's year-to-date performance shows a staggering drop of 36.64%, while its one-year return is down 57.37%, further highlighting its struggles against the backdrop of a generally positive market.
In contrast, the broader market, represented by the Sensex, has shown resilience with a gain of 0.68% over the past week and an 8.78% increase year-to-date. The leather sector, in which AKI India operates, has gained 3.6%, indicating that the sector is performing well despite AKI India's struggles. This divergence suggests that while the sector may be thriving, AKI India is facing specific challenges that are leading to its decline, including falling investor participation and poor stock performance relative to the benchmark.