Why is Bluechip Tex Ind falling/rising?

As of 08-Aug, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at 145.30, which reflects a decrease of 2.7 or 1.82%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while the stock has seen a significant increase in delivery volume, rising by 496.54% against the 5-day average, it has still posted a negative return of 3.46% over the past week and a substantial decline of 23.00% year-to-date. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the reasons behind this price movement.
In the broader market context, Bluechip Tex Industries Ltd's performance has been notably weaker compared to the Sensex, which has only declined by 0.92% over the past week and has gained 2.20% year-to-date. This stark contrast highlights the stock's underperformance relative to the benchmark index, suggesting that investor sentiment may be more favorable towards the broader market. The overall liquidity of the stock remains adequate for trading, but the persistent downward trend in its price suggests that investors may be cautious, leading to a lack of confidence in the stock's near-term prospects.