Why is Dai-ichi Karkari falling/rising?

As of 17-Sep, Dai-ichi Karkaria Ltd's stock price is currently at 285.95, reflecting a decrease of 5.05, or 1.74%. The stock has recently underperformed its sector by 2.73% and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 284, indicating a decline of 2.41%. In terms of returns, the stock has shown a negative performance over various periods, including a year-to-date decline of 27.35% and a one-year drop of 52.73%. Notably, the delivery volume has decreased significantly, falling by 62.29% compared to the five-day average, suggesting a decline in investor participation.
Broader market context shows that while the Sensex has gained 1.56% over the past week, Dai-ichi Karkaria's stock has increased by 3.74%, indicating some short-term resilience. However, over the past month, the stock has underperformed the benchmark, with a decline of 4.33% compared to the Sensex's gain of 2.60%. This underperformance, coupled with the stock's long-term negative returns and falling investor interest, contributes to the current downward pressure on Dai-ichi Karkaria's stock price.