Why is Emkay Taps & Cut falling/rising?

As of 01-Jul, Emkay Taps & Cutting Tools Ltd is currently priced at 225.40, reflecting a slight increase of 0.6, or 0.27%. Despite this minor uptick, the stock has been underperforming significantly over various time frames, with a 1-week decline of 6.55% and a year-to-date drop of 51.00%. The stock is also trading lower than its moving averages across multiple periods, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 4.61% away from Rs 215. The delivery volume has seen a drastic decline of 75.31% compared to the 5-day average, suggesting a decrease in investor participation, which could further pressure the stock price.
In the broader market context, while the Sensex has shown a positive return of 1.99% over the past week, Emkay Taps & Cutting Tools Ltd's performance has been notably negative, highlighting a stark contrast between the stock and the benchmark. Over the past month, the stock has dropped by 38.36%, while the Sensex has gained 3.20%. This disparity indicates that the stock is not only struggling in the short term but is also facing challenges in attracting investor interest compared to the overall market performance.