Why is Bhagawati Oxygen falling/rising?

As of 08-Sep, Bhagawati Oxygen Ltd is experiencing a decline in its stock price, currently at Rs 41.05, which represents a decrease of 2.36 or 5.44%. The stock has underperformed significantly today, touching an intraday low of Rs 41.05 and trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 87.91% compared to the 5-day average. Over the past week, the stock has decreased by 3.41%, and year-to-date, it has dropped by 22.33%, indicating a consistent downward trend.
In the broader market context, the Sensex has shown a positive return of 0.53% over the past week, contrasting with Bhagawati Oxygen's decline. This underperformance is further highlighted by the stock's year-to-date return of -22.33% compared to the Sensex's gain of 3.39%. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests a lack of investor confidence, contributing to its recent price decline. Overall, the stock's negative performance relative to the benchmark and the falling investor participation are key factors driving its current downward trajectory.