Why is Asahi Songwon falling/rising?

As of 10-Oct, Asahi Songwon Colors Ltd is experiencing a decline in its stock price, currently at Rs 279.40, which reflects a decrease of Rs 6.4 or 2.24%. The stock has been underperforming, having lost 6.62% over the last four days, and it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over various periods shows significant underperformance compared to the benchmark Sensex, with year-to-date returns down by 24.96% and a one-year decline of 41.18%. The delivery volume has also seen a sharp decline of 68.63% compared to the five-day average, suggesting falling investor participation.
In the broader market context, the Sensex has shown positive movement, gaining 1.59% over the past week and 5.58% year-to-date, contrasting sharply with Asahi Songwon's negative returns. This disparity highlights the stock's struggle in a generally positive market environment. The overall liquidity of the stock remains adequate for small trades, but the significant drop in delivery volume and consistent underperformance against the sector indicates a lack of investor confidence, contributing to the stock's recent downward trajectory.