Why is Ashnoor Textile falling/rising?

As of 20-Jun, Ashnoor Textile Mills Ltd is currently priced at 49.90, reflecting a decline of 2.05, or 3.95%. The stock has shown significant volatility today, opening with a gain of 2.89% but later trading down to an intraday low of Rs 47.15, which represents a drop of 9.24%. Over the past week, the stock has underperformed its sector by 4.33%, and its year-to-date performance shows a substantial decline of 29.74%. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. There is also a notable decrease in investor participation, with delivery volume falling by 57.42% compared to the five-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has increased by 1.59% over the past week, contrasting sharply with Ashnoor Textile's decline of 6.29% during the same period. This underperformance highlights the stock's struggles relative to the overall market. While the stock has shown positive returns over the past year, with an increase of 8.50%, its recent performance indicates a troubling trend, particularly in light of the broader market's gains. The combination of high volatility, declining investor interest, and poor short-term returns compared to the benchmark suggests that Ashnoor Textile is facing significant challenges that are contributing to its current price decline.