Why is Ceenik Exports falling/rising?

As of 11-September, Ceenik Exports (India) Ltd is currently priced at 332.20, reflecting a slight increase of 0.2, or 0.06%. Despite this minor uptick, the stock has been underperforming, as evidenced by its performance today, which fell short of the sector by 0.43%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased, with delivery volume dropping by 17.93% compared to the 5-day average. Over the longer term, the stock has experienced significant declines, with year-to-date returns down 74.83% and a one-year decline of 76.34%, although it has shown remarkable growth over three and five years.
In the broader market context, Ceenik Exports' short-term performance has been notably weaker than the benchmark, with a one-week return of -2.05% compared to the Sensex's gain of 1.03%. This underperformance highlights the stock's struggle to attract investor interest, especially in light of its high dividend yield of 3.98%, which may not be sufficient to offset the negative sentiment surrounding the stock. Overall, the combination of declining investor participation, poor short-term returns, and trading below key moving averages suggests that Ceenik Exports is facing significant challenges in the current market environment.