Why is Bluechip Tex Ind falling/rising?

As of 16-Sep, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at Rs 141.30, which represents a decrease of Rs 2.7 or 1.87%. The stock has underperformed its sector by 3.33% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.35%. It opened lower today, with a gap down of 2.53%, and reached an intraday low of Rs 140.35. Additionally, the stock's performance over the past week shows a decline of 1.87%, while its year-to-date performance reflects a significant drop of 25.12%. The delivery volume has also decreased sharply, falling by 65.65% compared to the 5-day average, indicating a reduction in investor participation.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.58% over the past week and 5.43% year-to-date. This suggests that while the overall market is experiencing positive momentum, Bluechip Tex Industries Ltd is struggling to keep pace. The stock's moving averages indicate that it is currently higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages, further highlighting its recent underperformance. Overall, the combination of declining investor interest and poor relative performance against the benchmark contributes to the stock's downward trajectory.