Why is Eastern Treads falling/rising?

As of 28-Oct, Eastern Treads Ltd is experiencing a decline in its stock price, currently at Rs 31.00, which represents a decrease of Rs 1.1 or 3.43%. The stock has underperformed its sector by 4.81% today and has fallen after three consecutive days of gains. It reached an intraday high of Rs 34.39 but also touched a low of Rs 31, indicating high volatility with a wide trading range of Rs 3.39. The stock's performance over the past week shows a gain of 4.91%, but it has significantly underperformed on a year-to-date basis with a decline of 18.40% compared to the Sensex's increase of 8.30%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
Broader market context indicates that while Eastern Treads has shown a short-term gain of 4.91% over the past week, it still lags behind the Sensex, which has only increased by 0.24% in the same period. This suggests that despite some recent positive momentum, the stock's overall performance remains weak when compared to the broader market. The year-to-date and one-year returns further highlight this underperformance, with Eastern Treads down 18.40% and 31.10%, respectively, while the Sensex has gained 8.30% and 5.78%. This broader context of market performance may contribute to investor sentiment and the stock's current downward trend.