Why is Chavda Infra Ltd falling/rising?

As of 12-Sep, Chavda Infra Ltd is experiencing a decline in its stock price, currently at Rs 112.45, which reflects a decrease of Rs 1.55 or 1.36%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.85% away from Rs 107. Over the past week, the stock has underperformed its sector by 1.46%, although it has shown a slight positive return of 2.51% over the past month. Notably, there has been a rise in investor participation, with delivery volume increasing by 21.21% against the 5-day average, which may suggest some interest despite the overall downward movement.
In the broader market context, Chavda Infra Ltd's recent performance has been notably weaker compared to the benchmark Sensex, which has gained 1.51% over the past week while Chavda Infra Ltd has declined by 1.83%. Year-to-date, the stock has significantly underperformed with a drop of 32.62%, contrasting sharply with the Sensex's gain of 6.21%. This disparity highlights the challenges faced by Chavda Infra Ltd in the current market environment, where its long-term performance has also been disappointing, with a 41.86% decline over the past year compared to a slight decrease in the benchmark. The absence of any positive factors in the dashboard further emphasizes the stock's struggles in attracting investor confidence.