Why is Amkay Products falling/rising?

As of 25-Jul, Amkay Products Ltd is experiencing a decline in its stock price, currently at Rs 61.10, which reflects a decrease of Rs 2.8 or 4.38%. The stock has underperformed its sector by 5.27% today, opening with a loss of 4.38% and touching an intraday low of Rs 61.10. Additionally, the stock's performance over the past week shows a decline of 7.28%, while it has seen a modest increase of 12.52% over the past month. However, year-to-date, it has decreased by 2.08%, and over the past year, it has fallen by 19.55%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages but below its 5-day moving average. Notably, there has been a significant drop in investor participation, with delivery volume falling by 35.9% compared to the 5-day average.
In the broader market context, the Sensex has shown a slight decline of 0.36% over the past week, which indicates that while Amkay Products is underperforming, the overall market is also experiencing a downturn. The stock's year-to-date performance contrasts with the Sensex's increase of 4.25%, highlighting a significant divergence in performance. This underperformance relative to the benchmark, coupled with falling investor participation and a negative price movement today, suggests that investor sentiment towards Amkay Products is currently weak, contributing to its declining stock price.