Why is ASK Automotive falling/rising?

As of 07-Nov, ASK Automotive Ltd is experiencing a decline in its stock price, currently at Rs 458.95, which reflects a decrease of Rs 6.9 or 1.48%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total drop of 8.66% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 5.24%, while it has decreased by 10.88% over the past month, contrasting with the Sensex, which has gained 1.57% in the same timeframe. Despite a year-over-year return of 1.54%, the stock's recent performance is concerning, especially with a significant drop in delivery volume by 29.45% against the five-day average.
In the broader market context, ASK Automotive's recent struggles are highlighted by its underperformance relative to the Sensex, which has only declined by 0.86% over the past week. While the company shows potential for long-term growth with an annual operating profit increase of 43.35% and a favorable valuation, these positive factors have not translated into short-term stock price stability. The stock's current valuation is attractive compared to peers, and its profits have risen by 21.4% over the past year, but the recent negative momentum and falling investor participation suggest a lack of confidence among investors in the short term.