Why is Ceenik Exports falling/rising?

As of 12-Sep, Ceenik Exports (India) Ltd is experiencing a decline in its stock price, currently at Rs 320.45, which represents a decrease of Rs 11.75 or 3.54%. The stock opened the day with a gain of 5.06% but subsequently fell to an intraday low of Rs 320.45. It has underperformed its sector by 2.96% today, and the trading volume indicates a lack of investor participation, with delivery volume decreasing by 2.24% compared to the 5-day average. Additionally, the stock is trading below all key moving averages, which suggests a bearish trend. Over the past month, the stock has dropped by 22.44%, and year-to-date, it has plummeted by 75.72%, indicating significant underperformance relative to the benchmark Sensex, which has gained 4.82% in the same period.
In the broader market context, Ceenik Exports' recent performance contrasts sharply with the Sensex, which has shown positive returns of 1.48% over the past week and 2.08% over the past month. This divergence highlights the stock's struggles in a generally positive market environment. Despite a high dividend yield of 4.01%, the overall sentiment around Ceenik Exports remains negative, as evidenced by its substantial year-to-date decline and the lack of positive factors reported. The combination of falling investor interest and poor short-term performance relative to the benchmark suggests that the stock is facing significant challenges.