Why is Delton Cables falling/rising?

As of 13-Oct, Delton Cables Ltd is experiencing a decline in its stock price, currently at Rs 719.00, which reflects a decrease of Rs 15.6 or 2.12%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.7% during this period. Today's trading saw the stock reach an intraday high of Rs 751, but it also dipped to a low of Rs 701.05. Additionally, the stock's performance over the past week shows a slight decline of 0.87%, while it has gained 5.11% over the past month. However, year-to-date, the stock is down significantly by 31.78%, contrasting with the Sensex's 5.36% increase. The delivery volume has also decreased by 19.77% compared to the five-day average, indicating falling investor participation.
Broader Market Context: In the context of the broader market, Delton Cables' recent performance has been notably weaker than the Sensex, which has gained 0.66% over the past week. While the stock has shown some positive returns over the past month and year, its year-to-date performance starkly contrasts with the benchmark's growth. The stock's moving averages indicate a mixed picture, being higher than the 20-day and 50-day averages but lower than the 5-day, 100-day, and 200-day averages, suggesting a potential struggle to maintain upward momentum. Overall, the combination of declining investor interest and underperformance relative to the market has contributed to the stock's recent downward trend.