Why is Chavda Infra Ltd falling/rising?

As of 24-Sep, Chavda Infra Ltd is experiencing a decline in its stock price, currently at Rs 109.60, which reflects a decrease of Rs 1.2 or 1.08%. The stock has underperformed in the short term, with a 1-week return of -3.61% and a 1-month return of -13.73%. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 53.85% against the 5-day average, suggesting some interest despite the overall downward movement. The stock is also close to its 52-week low, just 2.37% away from Rs 107.
In the broader market context, Chavda Infra Ltd's performance contrasts sharply with the Sensex, which has seen a 1-week decline of only -1.08% and a positive 1-month return of +0.75%. This indicates that while the stock is struggling, the overall market is not experiencing the same level of downturn. Year-to-date, Chavda Infra Ltd has significantly underperformed with a return of -34.33%, while the Sensex has gained +5.97%. This disparity highlights the challenges faced by Chavda Infra Ltd in the current market environment, contributing to its recent price decline.