Why is Ceenik Exports falling/rising?

As of 19-Sep, Ceenik Exports (India) Ltd is experiencing a decline in its stock price, currently at Rs 349.90, which reflects a decrease of Rs 2.75 or 0.78%. The stock has underperformed its sector by 0.98% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 341, indicating a drop of 3.3%. In terms of performance, the stock has shown a significant decline of 73.49% year-to-date and 75.36% over the past year, despite a remarkable increase of 2365.82% over the last three years. The delivery volume has risen by 50.72% against the five-day average, suggesting increased investor participation, while the stock's high dividend yield of 3.78% may provide some support.
In the broader market context, Ceenik Exports' short-term performance over the past week has been positive, with a return of 9.19%, significantly outperforming the Sensex, which only increased by 0.88%. However, the stock's longer-term performance has been poor compared to the benchmark, with a year-to-date decline of 73.49% against the Sensex's gain of 5.74%. The stock's moving averages indicate that it is currently higher than the five-day moving average but lower than the longer-term averages, which may suggest a lack of sustained momentum. Overall, while there are signs of increased trading activity, the stock's significant historical declines and current underperformance relative to the sector contribute to its recent price movement.