Why is Classic Filament falling/rising?

As of 14-Jul, Classic Filaments Ltd is experiencing a decline in its stock price, currently at Rs 20.97, which represents a decrease of 1.1 or 4.98%. The stock has been underperforming, having lost 10.99% over the last four days and opening with a loss of 4.98% today. It has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a rise in investor participation with a 70.64% increase in delivery volume, the overall performance remains weak, as evidenced by the stock's significant declines of 29.98% year-to-date and 37.03% over the past year.
In the broader market context, Classic Filaments Ltd's recent performance contrasts sharply with the Sensex, which has shown a positive return of 5.27% year-to-date. Over the past week, the stock has underperformed the benchmark by 7.95%, highlighting its struggles in the current market environment. Despite the increase in trading volume, the stock's overall liquidity remains low, further complicating its recovery prospects. The lack of positive factors in the dashboard suggests that there are no immediate catalysts to reverse the downward trend, reinforcing the challenges faced by the company in the current market landscape.