Why is Bondada Engineer falling/rising?

As of 06-Nov, Bondada Engineering Ltd is experiencing a decline in its stock price, currently at Rs 418.25, which reflects a decrease of Rs 17.2 or 3.95%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.55% during this period. Today's trading saw the stock reach a high of Rs 448 but also dip to a low of Rs 415, indicating significant volatility. Additionally, the stock's performance over the past week shows a decline of 6.29%, while it has gained 7.81% over the past month. However, year-to-date, the stock is down 31.05%, contrasting sharply with the Sensex, which has risen by 6.62% during the same timeframe. Notably, the stock's delivery volume has decreased significantly, falling by 56.01% against the five-day average, suggesting a decline in investor participation.
In the broader market context, Bondada Engineering's recent performance has been weaker than the benchmark, as it has underperformed the sector by 1.63% today. The engineering sector, specifically industrial equipment, has also seen a decline of 2.58%, which may be contributing to the stock's downward trend. While the stock is trading above its 50-day moving average, it remains below its 5-day, 20-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the short term. Overall, the combination of falling investor participation, sector-wide declines, and the stock's significant underperformance relative to the benchmark suggests a challenging environment for Bondada Engineering Ltd.