Why is Bombay Cycle falling/rising?

As of 07-Nov, Bombay Cycle & Motor Agency Ltd is experiencing a decline in its stock price, currently at Rs 1,768.15, which reflects a decrease of Rs 35.8 or 1.98%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 6.92% during this period. It opened the day with a loss of 2.98% and reached an intraday low of Rs 1,750.2. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 171.63% against the 5-day average, the overall performance remains weak, as reflected in the stock's returns over various periods, including a 16.20% decline over the past year.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.98% compared to the Sensex's -0.86%. Over the past month, Bombay Cycle has decreased by 6.94%, while the Sensex has gained 1.57%. This underperformance highlights the stock's struggles relative to the market, particularly as it has not only failed to keep pace with the benchmark but has also shown significant declines over longer periods, such as a 3.28% drop year-to-date compared to the Sensex's 6.50% increase.