Why is Elegant Marbles falling/rising?

As of 07-Aug, Elegant Marbles and Grani Industries Ltd is experiencing a decline in its stock price, currently at Rs 230.00, which reflects a decrease of Rs 2.95 or 1.27%. The stock has underperformed its sector by 0.55% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.86%. Additionally, the stock has touched an intraday low of Rs 225, marking a decrease of 3.41%. In terms of performance over various periods, the stock has shown negative returns of 2.13% over the past week and 6.12% over the past month, while year-to-date returns are down by 12.26%. Notably, the stock is trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume plummeting by 99.59% compared to the five-day average, suggesting a lack of interest from investors.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with the Sensex declining only 0.69% over the past week and 3.38% over the past month. This indicates that while the market has faced some challenges, Elegant Marbles has struggled even more significantly. The year-to-date performance shows a stark contrast, with the stock down 12.26% compared to the Sensex's gain of 3.18%. The overall negative sentiment surrounding the stock, compounded by falling investor participation and consistent underperformance against the benchmark, contributes to the ongoing decline in its price.