Why is Akshar Spintex falling/rising?

As of 08-Aug, Akshar Spintex Ltd's stock price is currently at Rs 0.52, reflecting a decrease of Rs 0.01, or 1.89%. The stock has been underperforming, as indicated by its performance today, which is 0.45% lower than its sector. Additionally, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 1.89%, and it has experienced significant losses over longer periods, with a year-to-date drop of 30.67% and a staggering 64.06% decline over the past year. Although there has been a notable increase in investor participation, with delivery volume rising by 315.54% against the 5-day average, the overall sentiment remains negative, and there are no positive factors available to counterbalance this trend.
In the broader market context, Akshar Spintex's recent performance has been worse than the benchmark Sensex, which has seen a decline of only 0.92% over the past week. This underperformance is further highlighted by the stock's year-to-date performance compared to the Sensex's gain of 2.20%. The significant disparity in returns over various periods, especially the 3-year and 1-year comparisons, indicates that while the broader market has shown resilience, Akshar Spintex has struggled considerably, contributing to its current price decline.