Why is Elgi Rubber Co falling/rising?

As of 07-Nov, Elgi Rubber Company Ltd is experiencing a decline in its stock price, currently at Rs 62.76, which reflects a decrease of Rs 1.76 or 2.73%. The stock has been underperforming significantly, having fallen for the last three consecutive days and generating a total return of -8.53% during this period. Over the past eight weeks, it has consistently declined, resulting in a total return of -100%. Additionally, the stock has underperformed its sector by 5.64% today. The stock's performance over various time frames shows a stark contrast, with a year-to-date decline of 53.87% compared to a 7.81% increase in the Sensex, indicating a troubling trend for the company. The stock's trading activity has also been erratic, with it not trading on five out of the last twenty days, and it recently touched an intraday low of Rs 61.5.
In the broader market context, the stock's short-term performance is notably worse than the benchmark, as it has declined by 8.46% over the past week while the Sensex has only decreased by 0.89%. This significant underperformance highlights the challenges faced by Elgi Rubber Company Ltd in the current market environment. Despite a strong long-term performance over three and five years, the recent trends suggest a troubling short-term outlook that is not aligned with broader market movements. The liquidity of the stock remains adequate for trading, but the persistent downward trend raises concerns among investors.