Why is Elgi Rubber Co falling/rising?

As of 18-Nov, Elgi Rubber Company Ltd's stock price is currently at Rs 52.04, reflecting a decline of Rs 2.28 or 4.2%. The stock has been on a downward trend, having underperformed its sector by 4.7% today and experiencing consecutive losses over the last four days, resulting in a total decline of 14.32% during this period. Additionally, the stock has fallen every week for the past eight weeks and has not shown any positive returns in the last six months. It is trading below all its moving averages, indicating a bearish trend. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.84% over the past week, Elgi Rubber's stock has significantly underperformed with a weekly decline of 12.93%. This trend is consistent over a one-month period, where the stock has dropped 15.94% while the Sensex has risen by 0.78%. Year-to-date, Elgi Rubber has seen a staggering decline of 61.75%, contrasting sharply with the Sensex's gain of 9.58%. This stark difference highlights the challenges faced by Elgi Rubber in the current market environment.