Why is Elitecon Inter. falling/rising?

As of 19-Nov, Elitecon International Ltd is experiencing a decline in its stock price, currently at 115.80, which reflects a decrease of 6.05 or 4.97%. The stock has been underperforming significantly, having fallen for the last nine consecutive days, resulting in a total drop of 32.24% during this period. Today's performance indicates that it opened with a loss of 4.97% and has not traded outside this price range. Additionally, the stock's recent returns show a stark contrast to its year-to-date gain of 1039.20%, as it has dropped 25.89% over the past month and 19.22% over the past week. There is a notable decline in investor participation, with delivery volume plummeting by 75.43% compared to the five-day average, suggesting waning interest among investors.
In the broader market context, the Sensex has shown resilience with a 0.85% increase over the past week, contrasting sharply with Elitecon's significant decline. This underperformance against the benchmark indicates that the stock is not only struggling on its own but is also lagging behind the overall market trend. While the stock remains above its 200-day moving average, it is below the shorter-term moving averages, which may signal a bearish trend. The lack of available positive factors further compounds the negative sentiment surrounding the stock, contributing to its recent price decline.