Why is Bharat Wire falling/rising?

As of 05-Aug, Bharat Wire Ropes Ltd is currently priced at 179.55, reflecting a slight increase of 0.1 (0.06%). The stock has been gaining for the last two days, with a return of 0.66% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 38.14% compared to the 5-day average. Over the past week, the stock has decreased by 6.92%, and over the past month, it has fallen by 15.96%, suggesting ongoing challenges despite the recent minor uptick.
In the broader market context, the Sensex has experienced a decline of only 0.77% over the past week and 3.26% over the past month, indicating that Bharat Wire's performance is lagging behind the benchmark. Year-to-date, while Bharat Wire has seen a significant drop of 15.39%, the Sensex has gained 3.29%, further highlighting the stock's underperformance. The stark contrast in returns over the past year, with Bharat Wire down 25.05% compared to the Sensex's modest gain of 2.48%, underscores the stock's struggles in the current market environment.