Why is Ashish Polyplast falling/rising?

As of 16-Oct, Ashish Polyplast Ltd's stock is currently priced at Rs 36.60, reflecting a decline of Rs 2.19 or 5.65%. The stock has opened lower today, down 2.01%, and has reached an intraday low of Rs 36.60. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 22% compared to the 5-day average. Over the past week, the stock has underperformed its sector by 5.9%, and its year-to-date return stands at a significant decline of 32.22%.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.58% over the past week, Ashish Polyplast's stock has decreased by 4.54%. This underperformance is indicative of a broader trend, as the stock has also fallen 15.67% over the past month while the Sensex has risen by 1.32%. The stark contrast in performance highlights the challenges faced by Ashish Polyplast in the current market environment, where it has struggled significantly compared to the overall market gains.