Why is Asahi India Glas falling/rising?

As of 24-Jun, Asahi India Glass Ltd is experiencing a decline in its stock price, currently at 692.15, which reflects a decrease of 8.05 points or 1.15%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total decline of 10.67% during this period. In terms of performance against benchmarks, the stock has underperformed, with a 1-week return of -7.74% compared to a positive return of +0.58% for the Sensex. Additionally, the stock's delivery volume has decreased significantly, falling by 31.4% against the 5-day average, indicating reduced investor participation. Despite being the largest company in its sector with a market cap of Rs 17,021 crore and accounting for a substantial portion of industry sales, these factors suggest a negative sentiment surrounding the stock.
Broader market context shows that while the Sensex has gained 0.58% over the past week, Asahi India Glass Ltd has seen a significant decline, highlighting its underperformance relative to the broader market. The stock's year-to-date performance is also concerning, with a decline of 9.24% compared to the Sensex's gain of 5.01%. The stock's moving averages indicate a mixed picture, as it is above the 100-day moving average but below the shorter-term averages, which may reflect volatility and uncertainty among investors. Overall, the combination of falling investor participation, recent consecutive losses, and underperformance against the benchmark contributes to the stock's current downward trajectory.