Why is Eastern Treads falling/rising?

As of 22-Sep, Eastern Treads Ltd is experiencing a decline in its stock price, currently at Rs. 29.70, reflecting a decrease of 0.03 (-0.1%). The stock has hit a new 52-week low of Rs. 28.3 today and has been on a downward trend, losing 7.19% over the last four days. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance against benchmarks, Eastern Treads has underperformed significantly, with a 1-week return of -5.98% compared to the Sensex's +0.46%, and a year-to-date decline of -21.82% against the Sensex's +5.15%. Notably, while the stock has seen a slight increase in delivery volume, the overall sentiment remains negative.
Broader Market Context: The broader market context indicates that while the Sensex has shown positive movement, Eastern Treads has consistently lagged behind, with its 1-month and 1-year returns also reflecting substantial underperformance relative to the benchmark. The stock's recent struggles are compounded by its consecutive falls and the significant negative returns over various periods, highlighting a lack of investor confidence. The liquidity of the stock appears adequate for trading, but the overall market sentiment and the stock's persistent decline suggest that investors are cautious, leading to its current downward trajectory.