Why is Chavda Infra Ltd falling/rising?

As of 08-Oct, Chavda Infra Ltd's stock price is currently at Rs 103.55, with no change recorded (0.00%). The stock has underperformed significantly over various periods, showing a decline of 8.04% over the past month and a staggering 37.96% year-to-date. It is also trading lower than all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 81.82% compared to the 5-day average. The stock is currently close to its 52-week low, just 1.01% away from Rs 102.5, which may contribute to cautious investor sentiment.
In the broader market context, the Sensex has shown a positive return of 0.84% over the past week, contrasting with Chavda Infra Ltd's decline of 0.58% during the same period. This underperformance against the benchmark suggests that the stock is not only struggling in isolation but is also lagging behind the overall market trend. The stock's year-on-year performance is particularly concerning, with a drop of 42.13% compared to a modest gain of 0.13% for the Sensex, further highlighting the challenges faced by Chavda Infra Ltd in the current market environment.