Why is Asi Industries falling/rising?

As of 30-Sep, Asi Industries Ltd is experiencing a decline in its stock price, currently at 30.52, which reflects a decrease of 0.77 or 2.46%. The stock has underperformed its sector by 2.6% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -6.06%, while it has performed slightly better over the past month with a return of +1.06%. However, year-to-date, the stock is down significantly by 40.55%. Despite this decline, there has been a rise in investor participation, with delivery volume increasing by 24.71% against the 5-day average, indicating some interest in the stock despite its overall negative performance.
In the broader market context, the Sensex has also faced challenges, with a decline of 2.23% over the past week, which suggests that the market conditions are generally unfavorable. However, the stock's performance over the past year shows a stark contrast, with a decline of 42.37% compared to the Sensex's decline of only 4.78%. This indicates that while the broader market has been relatively stable, Asi Industries has struggled significantly. The liquidity of the stock remains adequate, as it is liquid enough for trade sizes of Rs 0 crore, but the overall negative sentiment surrounding the stock, combined with its underperformance against both the sector and the benchmark, contributes to its current downward trend.