Why is Emerald Leisures falling/rising?

As of 06-Nov, Emerald Leisures Ltd is experiencing a decline in its stock price, currently at Rs 210.40, which reflects a decrease of Rs 5.8 or 2.68%. The stock has underperformed its sector by 2.1% today and has been on a downward trend, losing 3.99% over the last two days. It opened with a significant loss of 4.95% and reached an intraday low of Rs 205.4. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable drop in investor participation, with delivery volume falling by 92.79% compared to the 5-day average, suggesting a lack of confidence among investors.
In the broader market context, Emerald Leisures has underperformed compared to the Sensex, which has shown a decline of only 1.30% over the past week while the stock itself has dropped by 3.04%. Over the past month, the stock has decreased by 0.75%, contrasting with the Sensex's gain of 1.86%. Year-to-date, Emerald Leisures has seen a significant decline of 8.36%, while the Sensex has increased by 6.62%. This disparity in performance highlights the challenges faced by Emerald Leisures in the current market environment, further exacerbated by the recent negative momentum and declining investor interest.