Why is Bluechip Tex Ind falling/rising?

As of 29-Sep, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at Rs 133.20, which reflects a decrease of Rs 11.0 or 7.63%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 9.23% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 29.76% against the 5-day average, suggesting a lack of investor interest. There are no positive factors available to counterbalance these negative indicators.
In the broader market context, Bluechip Tex Industries Ltd has underperformed compared to the Sensex, with a 1-week return of -8.33% versus the benchmark's -2.18%. Over the year-to-date, the stock has declined by 29.41%, while the Sensex has gained 2.85%. This stark contrast highlights the stock's struggles relative to the overall market performance, further emphasizing the challenges faced by Bluechip Tex Industries Ltd in attracting investor confidence and maintaining price stability.