Why is Cravatex falling/rising?

As of 15-Oct, Cravatex Ltd's stock price is currently at 388.00, reflecting a decrease of 2.35, or 0.6%. The stock has been underperforming, having lost 7.62% over the last three days and is trading below all key moving averages, indicating a bearish trend. Today's performance shows that the stock has underperformed its sector by 2.37%. Additionally, while the stock reached an intraday high of Rs 403.9, it also hit a low of Rs 381, suggesting significant volatility. The year-to-date return is down 12.01%, and the one-year return is down 14.54%, further highlighting the stock's struggles. There is a notable increase in investor participation, with delivery volume rising by 358.85% against the 5-day average, which may indicate some interest despite the overall decline.
In the broader market context, Cravatex's recent performance contrasts sharply with the Sensex, which has gained 5.72% year-to-date. Over the past week and month, Cravatex has underperformed the benchmark, with returns of -6.69% and -7.77%, respectively, while the Sensex has shown positive returns. This disparity suggests that market sentiment is favoring other stocks over Cravatex, contributing to its declining price. The high dividend yield of 3.2% at the current price may provide some support, but it has not been sufficient to counteract the negative trends in price and performance relative to the market.