Why is Cravatex falling/rising?

As of 10-Nov, Cravatex Ltd's stock price is currently at Rs 370.20, reflecting a decline of Rs 28.55 or 7.16%. Today's trading activity shows that the stock opened with a gain of 2.01% but has since experienced significant volatility, reaching a high of Rs 407 and a low of Rs 360. The stock has underperformed its sector by 4.45% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 6.86%, and year-to-date, it has fallen by 16.04%, contrasting sharply with the Sensex, which has gained 6.91% in the same period. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 87.68% compared to the five-day average, further contributing to the stock's downward pressure.
Broader market context shows that while the Sensex has remained relatively stable, Cravatex's performance has been weak, particularly over the past month and year, with declines of 11.86% and 17.54%, respectively. This underperformance against the benchmark suggests a lack of investor confidence in Cravatex compared to the broader market. The overall trading environment has also seen a decline in sector performance by 2.74%, which may reflect broader economic concerns affecting investor sentiment. Despite a high dividend yield of 3.13%, the stock's recent volatility and poor performance metrics indicate that investors are currently favoring other opportunities in the market.