Why is Emerald Tyre falling/rising?

As of 05-Sep, Emerald Tyre Manufacturers Ltd is experiencing a slight decline in its stock price, currently at 136.25, which reflects a decrease of 0.15 or 0.11%. The stock has underperformed significantly in the past week and month, with returns of -4.89% and -4.05%, respectively. Additionally, the year-to-date performance shows a notable decline of 24.12%, contrasting sharply with the Sensex, which has gained 4.64% during the same period. Today's price summary indicates that the stock has outperformed its sector by 0.64%, but it is currently trading below its 5-day and 20-day moving averages, despite being above the 50-day, 100-day, and 200-day moving averages. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 78.42% compared to the 5-day average, which may indicate waning interest among investors.
Broader Market Context: In the context of the broader market, the stock's recent performance is concerning, especially given the Sensex's positive return of 1.29% over the past week. This stark contrast highlights the challenges Emerald Tyre is facing, as it continues to lag behind the benchmark index. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume suggests that investor confidence may be diminishing, contributing to the stock's downward trend. Overall, while the stock has shown some resilience by outperforming its sector today, the broader market dynamics and the company's recent performance indicate ongoing difficulties.