Why is Emkay Taps & Cut falling/rising?

As of 13-Jun, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 238.30, which represents a decrease of Rs. 6.65 or 2.71%. The stock has hit a new 52-week low of Rs. 233 today and is underperforming its sector by 2.14%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a significant decline of 12.10%, and it has dropped 38.42% over the past month, reflecting a troubling trajectory. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 49.85% compared to the 5-day average, which suggests waning interest among investors.
In the broader market context, the Sensex has only declined by 1.14% over the past week, indicating that Emkay Taps & Cutting Tools Ltd is underperforming relative to the benchmark. While the stock has shown a positive return of 31.95% over the past three years and 173.91% over the past five years, its year-to-date performance is down 48.20%, contrasting sharply with the Sensex's gain of 4.54% in the same period. This stark difference highlights the challenges faced by the company in the current market environment, contributing to the stock's recent decline.