Why is Chatha Foods falling/rising?

As of 23-Sep, Chatha Foods Ltd is experiencing a decline in its stock price, currently at Rs. 89.95, which reflects a decrease of Rs. 1.1 or 1.21%. The stock has hit a new 52-week low of Rs. 87.85 today and has been on a consecutive fall for the last nine days, resulting in a total decline of 8.49% during this period. 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 the stock has outperformed its sector by 0.59% today, it has shown significant underperformance over the past week, month, and year, with returns of -7.36%, -13.13%, and -31.86%, respectively. There is a notable increase in investor participation, with delivery volume rising by 53.33% against the 5-day average, suggesting some interest despite the overall downward movement.
In the broader market context, the Sensex has only declined by 0.34% over the past week, indicating that Chatha Foods' performance is significantly lagging behind the benchmark. While the stock has faced substantial losses year-to-date and over the past year, the market has shown a positive return of 5.07% year-to-date. This stark contrast highlights the challenges faced by Chatha Foods in attracting investor confidence amidst a generally stable market environment. The liquidity of the stock remains adequate for trading, but the persistent downward trend and recent lows may deter potential investors.