Why is Amkay Products falling/rising?

As of 24-Sep, Amkay Products Ltd is experiencing a decline in its stock price, currently at Rs 48.93, which reflects a decrease of 2.57 or 4.99%. The stock has underperformed its sector by 5.9% today, opening with a significant loss of 4.95%. It reached an intraday low of Rs 48.93 and has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown erratic trading patterns, not trading on one day out of the last 20. Despite these challenges, there has been a slight increase in investor participation, with delivery volume rising by 7.14% against the 5-day average.
In the broader market context, Amkay Products' performance over the past week shows a decline of 5.90%, while the benchmark Sensex has only dropped by 1.18%. Over the past month, the stock has decreased by 10.22%, contrasting with a modest gain of 0.50% in the Sensex. Year-to-date, Amkay Products has fallen by 21.59%, while the benchmark has increased by 4.58%. This stark contrast highlights the stock's significant underperformance relative to the broader market, contributing to the negative sentiment surrounding its recent price movements.