Why is Benara Bearings falling/rising?

As of 29-Aug, Benara Bearings & Pistons Ltd is experiencing a decline in its stock price, currently at Rs 14.37, which reflects a decrease of Rs 0.75 or 4.96%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.44% away from Rs 14.02. The performance today has underperformed the sector by 4.62%, and there has been a significant drop in investor participation, with delivery volume falling by 58.33% against the 5-day average. Over the past month, the stock has seen a substantial decline of 21.73%, while its year-to-date performance shows a decrease of 28.54%.
In the broader market context, the Sensex has only declined by 1.84% over the past week, indicating that Benara Bearings is underperforming relative to the benchmark. The stock's long-term performance also shows a stark contrast, with a 3-year return of just 1.55% compared to the Sensex's impressive 37.67%. This underperformance suggests that investor sentiment towards Benara Bearings is weak, compounded by erratic trading patterns, as the stock did not trade on 3 out of the last 20 days. Overall, the combination of poor performance metrics and declining investor interest is contributing to the stock's downward movement.