Why is Elgi Rubber Co falling/rising?

As of 20-Oct, Elgi Rubber Company Ltd is experiencing a decline in its stock price, currently at Rs 60.85, which represents a decrease of Rs 1.06 or 1.71%. The stock has underperformed its sector by 1.53% today and has been on a downward trend, falling every week for the last eight weeks and generating -100% returns during this period. Additionally, it has consistently declined over the past six months, with a significant year-to-date drop of 55.27%. The stock is trading below all its moving averages, indicating a bearish trend, and has shown erratic trading patterns, not trading on five out of the last twenty days.
In the broader market context, the stock's performance contrasts sharply with the Sensex, which has gained 2.44% over the past week and 9.30% year-to-date. This stark difference highlights the stock's struggles, as it has significantly lagged behind the benchmark, with a one-month return of -14.32% compared to the Sensex's 2.04%. The liquidity of the stock remains adequate for trading, but the persistent decline in its price and the negative performance metrics suggest a challenging environment for Elgi Rubber Company Ltd amidst a generally positive market backdrop.