Why is Balurghat Tech falling/rising?

As of 06-Oct, Balurghat Technologies Ltd is experiencing a decline in its stock price, currently at Rs 16.70, reflecting a decrease of Rs 1.15 or 6.44%. The stock has underperformed its sector by 6.81% today and has been on a downward trend, falling consecutively for the last two days with a total decline of 9.39%. It is currently trading close to its 52-week low, just 4.29% above Rs 15.6. The stock has shown high volatility today, with an intraday range of Rs 2.4, and it is trading below all key moving averages, indicating a bearish trend. Although there has been a significant increase in delivery volume, rising by 111.89% against the 5-day average, the overall sentiment remains negative.
In the broader market context, Balurghat Technologies Ltd has underperformed compared to the Sensex, which has gained 1.77% over the past week while the stock has dropped 5.33%. Year-to-date, the stock is down 36.81%, contrasting sharply with the Sensex's increase of 4.67%. This stark difference highlights the challenges faced by Balurghat Technologies Ltd in the current market environment, contributing to its declining stock price. The lack of positive factors in the provided data further emphasizes the difficulties the company is encountering, leading to investor caution and a downward trajectory in its stock performance.