Why is Emkay Taps & Cut falling/rising?

As of 14-Jul, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs 216.95, which reflects a decrease of Rs 10.5 or 4.62%. The stock is trading close to its 52-week low, just 0.9% away from Rs 215. Additionally, it has underperformed its sector by 4.96% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a significant drop of 15.96%, and its year-to-date performance shows a staggering decline of 52.84%. While there has been a notable increase in investor participation, with delivery volume rising by 167.96% against the 5-day average, the overall sentiment remains negative, contributing to the stock's recent downward movement.
In the broader market context, the Sensex has only declined by 1.49% over the past week, indicating that Emkay Taps & Cutting Tools Ltd is underperforming significantly compared to the benchmark. While the stock has shown a positive return of 190.82% over the last five years, its recent performance has been poor, with a one-year decline of 75.45% compared to the Sensex's modest gain of 2.37%. This stark contrast highlights the challenges faced by Emkay Taps & Cutting Tools Ltd in the current market environment, further exacerbated by its recent price movements and overall investor sentiment.