Why is Bhandari Hosiery falling/rising?

As of 23-Sep, Bhandari Hosiery Exports Ltd is experiencing a decline in its stock price, currently at 4.85, reflecting a decrease of 0.1 or 2.02%. The stock has underperformed its sector by 1.4% today and has been on a consecutive downward trend for the last three days, accumulating a total decline of 3.58%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 3.77%, and year-to-date, it has seen a significant decline of 31.21%, contrasting sharply with the Sensex, which has gained 5.07% during the same period. While there has been a notable increase in investor participation, with delivery volume rising by 432.48% against the 5-day average, the absence of positive factors in the dashboard suggests that the stock's recent movement is primarily influenced by negative sentiment.
Broader Market Context: In the context of the broader market, Bhandari Hosiery's short-term performance has been significantly weaker than the benchmark, as it has declined by 3.77% over the past week compared to a mere 0.34% drop in the Sensex. This underperformance is further highlighted by the stock's year-to-date decline of 31.21%, while the Sensex has shown a positive return. The overall market conditions appear to favor other sectors, as indicated by the Sensex's positive performance, which contrasts with the struggles faced by Bhandari Hosiery. This divergence suggests that investor sentiment is currently unfavorable towards the company, contributing to the downward pressure on its stock price.