Why is Emkay Taps & Cut falling/rising?

As of 30-Jul, Emkay Taps & Cutting Tools Ltd is experiencing a slight increase in its stock price, currently at Rs. 200.15, reflecting a change of 0.15 or 0.08% upward. However, the stock has been underperforming significantly, with a 1-week decline of 5.57% and a 1-month drop of 10.97%. Today, the stock hit a new 52-week low of Rs. 190 and has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 59.02% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Emkay Taps & Cutting Tools Ltd's performance contrasts sharply with the Sensex, which has seen a decline of only 1.45% over the past week and a modest increase of 5.12% year-to-date. This stark difference highlights the stock's struggles, particularly as it has underperformed the sector by 0.63% today. The significant year-to-date decline of 56.49% further emphasizes the challenges faced by the company compared to the overall market, which has maintained a positive trajectory.