Why is Amkay Products falling/rising?

As of 01-Oct, Amkay Products Ltd is experiencing a decline in its stock price, currently at Rs 45.65, reflecting a decrease of Rs 1.36 or 2.89%. The stock has underperformed its sector by 3.15% today and opened with a loss of 3.19%, reaching an intraday low of Rs 45.51. Over the past week, the stock has seen a significant drop of 6.70%, and its year-to-date performance shows a decline of 26.84%. Additionally, Amkay Products is trading below all its moving averages, indicating a bearish trend. Although there was a notable increase in delivery volume by 300% on September 26, the overall trading activity has been erratic, with the stock not trading on 2 out of the last 20 days.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight decline of 0.90% over the past week and a gain of 3.64% year-to-date. This contrast highlights that Amkay Products is not only underperforming against its sector but also against the overall market. The significant drop in the stock's price, coupled with its poor performance relative to the benchmark, suggests that investor sentiment is negative, further exacerbated by the stock's erratic trading behavior and its inability to maintain upward momentum.