Why is Emkay Taps & Cut falling/rising?

As of 10-Jun, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 251.25, which reflects a decrease of Rs. 10.45 or 3.99%. The stock has hit a new 52-week low of Rs. 248.65 today and is underperforming its sector by 4.15%. 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 has also seen a significant drop in investor participation, with delivery volume falling by 21.4% compared to the 5-day average. Over the past week, the stock has decreased by 12.67%, and year-to-date, it has plummeted by 45.38%, reflecting a challenging performance relative to the benchmark.
In contrast, the broader market, represented by the Sensex, has shown positive returns, gaining 2.29% over the past week and 6.17% year-to-date. This stark difference highlights the underperformance of Emkay Taps & Cutting Tools Ltd against the market backdrop. The stock's significant declines over the past month and year, at 30.53% and 72.81% respectively, further emphasize its struggles in comparison to the Sensex, which has increased by 4.57% and 7.93% during the same periods. Overall, the combination of poor stock performance, declining investor interest, and unfavorable comparisons to market benchmarks contributes to the ongoing downward trend in Emkay Taps & Cutting Tools Ltd's stock price.