Why is Ekansh Concept falling/rising?

As of 15-Oct, Ekansh Concepts Ltd is experiencing a decline in its stock price, currently at Rs 223.55, which reflects a decrease of Rs 6.05 or 2.64%. The stock has underperformed its sector by 3.06% today and has been on a downward trend for the last two days, accumulating a total loss of 4.4% during this period. Additionally, the stock has shown significant negative returns over the past week and month, with declines of 4.87% and 17.36%, respectively. Although the stock has performed well year-to-date and over the past year, with increases of 53.12% and 109.32%, the recent performance indicates a troubling short-term trend. The moving averages suggest that while the stock is above its 200-day moving average, it is below its shorter-term averages, indicating potential weakness. There is a notable increase in investor participation, with delivery volume rising by 128.38% against the five-day average, which may suggest some interest despite the price decline.
In the broader market context, the Sensex has shown positive movement, gaining 1.02% over the past week and 1.00% over the past month, contrasting sharply with Ekansh Concepts' negative returns during the same periods. This divergence highlights the stock's underperformance relative to the benchmark, indicating that external market conditions may not be favoring the company at this time. The liquidity of the stock remains adequate for trading, as it is liquid enough for a trade size of Rs 0 crore, which may provide some support despite the current price drop. Overall, the combination of recent negative performance, underperformance against the sector, and the contrasting positive market conditions contributes to the stock's current decline.