Why is Ecoboard Inds. falling/rising?

As of 29-Oct, Ecoboard Industries Ltd is experiencing a decline in its stock price, currently at Rs 33.01, which reflects a decrease of Rs 1.45 or 4.21%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 8.99% during this period. Today, it opened with a loss of 4.24% and reached an intraday low of Rs 32.8. Additionally, the stock's delivery volume has decreased significantly, down by 33.97% compared to the five-day average, indicating falling investor participation. While the stock has shown positive returns over the longer term, such as a 12.82% increase over the past year, its recent performance has been lackluster, particularly in the short term.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.68% over the past week and 5.76% over the past month, Ecoboard Industries Ltd has seen a decline of 2.91% in the same one-week period and a marginal increase of only 0.03% over the last month. This stark contrast highlights the stock's underperformance relative to the broader market trends. The overall market has been favorable, as indicated by the positive returns of the Sensex, which may further exacerbate the negative sentiment surrounding Ecoboard Industries Ltd as investors seek better-performing alternatives.