Why is Electrost.Cast. falling/rising?

As of 08-Aug, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at Rs 100.75, which reflects a decrease of Rs 1.35 or 1.32%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total drop of 8.91% during this period. Additionally, the stock's performance over the past week shows a significant decline of 7.19%, and it has fallen 17.55% over the past month. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 284.85% against the 5-day average, the overall sentiment appears negative, contributing to the stock's recent decline.
In the broader market context, the Sensex has shown a relatively minor decline of 0.92% over the past week, contrasting with Electrosteel Castings' more substantial drop. Year-to-date, the stock has underperformed significantly, down 27.34%, while the Sensex has gained 2.20%. This stark difference in performance highlights the challenges faced by Electrosteel Castings compared to the overall market. The stock's liquidity remains adequate for trading, but the persistent downward movement and underperformance against the benchmark suggest that investor sentiment is currently unfavorable.