Why is Cravatex falling/rising?

As of 24-Sep, Cravatex Ltd's stock price is currently at 415.00, reflecting a decrease of 1.0 (-0.24%). The stock has been experiencing a downward trend, having lost value for the last two consecutive days, resulting in a total decline of -2.12% during this period. It reached an intraday low of Rs 405.7, which is a drop of -2.48%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, falling by -71.97% compared to the 5-day average, suggesting reduced investor participation. While the stock offers a high dividend yield of 3% at the current price, the lack of positive factors in the dashboard indicates that there are no significant catalysts to counterbalance the negative trends.
In the broader market context, Cravatex's recent performance has been relatively aligned with the benchmark, as it has declined by -1.19% over the past week, compared to a -1.18% drop in the Sensex. However, over the past month, Cravatex has underperformed significantly, with a -9.10% decline, while the Sensex has gained +0.50%. Year-to-date, Cravatex is down -5.89%, contrasting sharply with the Sensex's +4.58% increase. This disparity highlights the stock's struggle in a generally improving market, contributing to its recent price decline.