Why is Diamines & Chem. falling/rising?

As of 28-Oct, Diamines & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs. 274.30, which represents a decrease of Rs. 15.7 or 5.41%. The stock has recently hit a new 52-week low of Rs. 274.1 and has been underperforming its sector by 4.91%. Over the past three days, the stock has consistently fallen, accumulating a total decline of 8.06%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a notable increase in investor participation, with delivery volume rising by 259.69% against the 5-day average, the overall performance remains weak, as evidenced by significant negative returns over various periods, including a 44.04% decline year-to-date.
In the broader market context, the stock's performance has been notably poor compared to the Sensex, which has gained 8.30% year-to-date. Over the past week, Diamines & Chemicals Ltd has decreased by 7.92%, while the Sensex has slightly increased by 0.24%. This stark contrast highlights the stock's struggles relative to the overall market. The liquidity of the stock appears adequate for trading, but the persistent downward trend and underperformance against the benchmark suggest a lack of investor confidence, contributing to its declining price.