Why is East WestFreight falling/rising?

As of 17-Nov, East West Freight Carriers Ltd is experiencing a decline in its stock price, currently at Rs. 3.77, which reflects a decrease of Rs. 0.17 or 4.31%. The stock has hit a new 52-week low of Rs. 3.55 today and has underperformed its sector by 3.95%. Over the last two days, the stock has consecutively fallen, resulting in a total decline of 5.28%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Furthermore, investor participation has decreased significantly, with delivery volume dropping by 56.38% compared to the 5-day average, suggesting a lack of confidence among investors.
In the broader market context, East West Freight's performance has been notably poor compared to the benchmark Sensex, which has gained 1.69% over the past week while the stock has declined by 6.91%. This trend is consistent over longer periods, with the stock down 52.93% year-to-date compared to the Sensex's 8.72% increase. The stark contrast in performance highlights the challenges faced by East West Freight in attracting investor interest and maintaining market confidence, contributing to its ongoing price decline.