Why is Axita Cotton falling/rising?

As of 06-Oct, Axita Cotton Ltd is currently priced at Rs. 8.58, experiencing a decline of Rs. 0.08, which represents a decrease of 0.92%. The stock has recently hit a new 52-week low of Rs. 8.57 and has underperformed its sector by 0.36%. It has been on a downward trend for the last two days, with a total decline of 1.38% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, falling by 37.15% compared to the 5-day average, suggesting a reduction in investor participation. There is no information available regarding positive or negative factors impacting the stock.
In the broader market context, Axita Cotton's performance over the past week shows a decline of 1.27%, while the benchmark Sensex has increased by 1.77%. This stark contrast highlights the stock's underperformance relative to the market. Over the past month, Axita Cotton has decreased by 2.17%, while the Sensex has gained 1.34%. Year-to-date, the stock has seen a significant drop of 22.07%, contrasting sharply with the Sensex's rise of 4.67%. Overall, the stock's persistent decline and underperformance against the benchmark indicate a challenging environment for Axita Cotton Ltd.