Why is Bihar Sponge falling/rising?

As of 07-Nov, Bihar Sponge Iron Ltd is experiencing a decline in its stock price, currently at 12.29, which reflects a decrease of 0.47 or 3.68%. The stock has underperformed its sector by 4.91% today and has fallen after two consecutive days of gains. It is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 3.53%, while its year-to-date performance shows a significant decline of 26.19%. Although there has been a rise in investor participation with a delivery volume increase of 11.81% against the 5-day average, the overall sentiment remains negative, contributing to the stock's downward movement.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a relatively stable performance with a slight decline of 0.86% over the past week, while Bihar Sponge's performance has been notably worse. The stock's year-to-date decline of 26.19% starkly contrasts with the Sensex's gain of 6.50%, indicating that the broader market is performing better than Bihar Sponge Iron Ltd. This disparity in performance highlights the challenges the company faces, as it struggles to keep pace with market trends and investor sentiment.