Why is East WestFreight falling/rising?

As of 30-Oct, East West Freight Carriers Ltd is experiencing a decline in its stock price, currently at Rs 4.14, which reflects a decrease of Rs 0.12 or 2.82%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.82% during this period. It is also trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.34% away from Rs 3.97. The recent performance shows significant underperformance compared to the sector, with a drop of 3.1%. Furthermore, investor participation has decreased, as evidenced by a 19% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's performance over the past week shows a decline of 5.69%, while the benchmark Sensex has only decreased by 0.18%. Over the past month, East West Freight has seen a substantial drop of 16.19%, contrasting sharply with the Sensex's gain of 5.15%. Year-to-date, the stock has plummeted by 48.31%, while the benchmark has risen by 8.02%. This stark difference in performance highlights the challenges faced by East West Freight Carriers Ltd in the current market environment, contributing to its ongoing decline.