Why is Delta Industrial falling/rising?

As of 06-Nov, Delta Industrial Resources Ltd is experiencing a decline in its stock price, currently at Rs 14.55, which represents a decrease of Rs 1.23 or 7.79%. The stock has been underperforming, having fallen consecutively for the last three days with a total drop of 9.01% during this period. Although it opened the day with a gain of 6.34% and reached an intraday high of Rs 16.78, it also hit a low of Rs 14.25, indicating significant volatility with an intraday fluctuation of 8.12%. The stock's performance over the past week shows a decline of 7.85%, while it has gained 11.58% over the past month. However, its year-to-date return is modest at 2.97%, and it has seen a substantial drop of 31.75% over the past year. Notably, investor participation has decreased significantly, with delivery volume falling by 97.5% compared to the five-day average, which may contribute to the stock's downward pressure.
In the broader market context, Delta Industrial's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.30% over the past week. This suggests that the stock is underperforming relative to the market. While the stock has shown some resilience with positive returns over the past month and five years, its significant year-on-year decline indicates underlying issues that may be affecting investor confidence. The combination of high volatility, falling investor participation, and a recent trend of consecutive losses suggests that market sentiment towards Delta Industrial is currently negative, contributing to its declining stock price.