Why is Amkay Products falling/rising?

As of 02-Sep, Amkay Products Ltd is experiencing a decline in its stock price, currently at 54.00, which reflects a decrease of 0.5 or 0.92%. The stock has underperformed its sector by 3.16% today, and it has not traded on 2 out of the last 20 days, indicating erratic trading behavior. Over the past week and month, the stock has seen a consistent decline of 3.57%, and year-to-date, it has dropped by 13.46%. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. There has been a notable increase in investor participation, with delivery volume rising by 50% against the 5-day average, suggesting some interest in the stock despite its overall downward trend.
In the broader market context, the Sensex has shown a slight decline of 0.78% over the past week and 0.55% over the past month, indicating a relatively stable market environment compared to Amkay Products' sharper declines. Year-to-date, while Amkay Products has fallen by 13.46%, the Sensex has gained 2.58%, highlighting a significant underperformance by the stock relative to the benchmark. This discrepancy suggests that while the broader market may be experiencing gains, Amkay Products is struggling to maintain investor confidence, contributing to its recent price decline.