Why is Birla Cable falling/rising?

As of 06-Aug, Birla Cable Ltd is currently priced at Rs 166.80, reflecting a decrease of Rs 1.8 or 1.07%. The stock has been experiencing a downward trend, having lost 3.02% over the last two days. It touched an intraday low of Rs 165.2, which is a decline of 2.02%. In terms of performance, the stock has underperformed in the short term, with a 1-week return of -2.23% and a 1-month return of -7.33%. Additionally, while the stock is trading above its 100-day moving average, it is below its 5-day, 20-day, 50-day, and 200-day moving averages. There has been a slight increase in investor participation, with delivery volume rising by 2.09% against the 5-day average, indicating some interest despite the overall decline.
In the broader market context, Birla Cable's recent performance contrasts with the benchmark Sensex, which has seen a smaller decline of 1.15% over the past week and 3.46% over the past month. Year-to-date, Birla Cable has significantly underperformed, with a decline of 22.11% compared to the Sensex's increase of 3.08%. This suggests that while the market is experiencing some positive movements, Birla Cable is struggling to maintain investor confidence, which is reflected in its consecutive price falls and overall negative returns over the past year. The absence of specific positive or negative factors further complicates the outlook for the stock, leaving it vulnerable to continued declines.