Why is DCG Cables falling/rising?

As of 16-Oct, DCG Cables & Wires Ltd is experiencing a decline in its stock price, currently at Rs. 61.55, which reflects a decrease of Rs. 2.8 or 4.35%. The stock has hit a new 52-week low of Rs. 55 today and has underperformed its sector by 3.41%. Additionally, DCG Cables 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 68.09% compared to the 5-day average, suggesting a lack of investor interest. The stock's year-to-date performance shows a substantial decline of 47.48%, and over the past year, it has dropped by 53.44%, further highlighting its struggles.
In the broader market context, while DCG Cables has been declining, the benchmark Sensex has shown positive movement, gaining 1.6% over the past week and 8.21% year-to-date. This stark contrast indicates that the stock is not only underperforming relative to its sector but also lagging behind the overall market performance. The significant drop in investor participation and the stock's inability to maintain momentum against the benchmark suggest that market sentiment is unfavorable towards DCG Cables at this time.