Why is Eco Recyc. falling/rising?

As of 13-Nov, Eco Recycling Ltd's stock price is currently at Rs. 515.10, reflecting a decline of Rs. 59.3 or 10.32%. The stock has recently hit a new 52-week low of Rs. 500 and has been on a downward trend, having fallen consecutively for the last two days with a total decline of 12.41%. The stock opened with a significant loss of 5.99% today and has shown high volatility, trading within a wide range of Rs. 54.4. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a notable increase in delivery volume by 328.42% against the 5-day average, the stock has underperformed its sector by 9.6% today, indicating negative sentiment among investors.
In the broader market context, Eco Recycling Ltd has underperformed significantly compared to the benchmark Sensex, which has gained 1.40% over the past week while Eco Recycling has dropped 12.87%. Over the past month, the stock has also declined by 12.67%, contrasting with the Sensex's increase of 2.61%. Year-to-date, Eco Recycling's performance is particularly poor, with a decline of 46.95% compared to the Sensex's gain of 8.11%. This stark difference highlights the challenges faced by Eco Recycling Ltd in the current market environment, contributing to its falling stock price.