Why is Emkay Taps & Cut falling/rising?

As of 25-Aug, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs 185.00, which reflects a decrease of Rs 6.15 or 3.22%. The stock has underperformed significantly, with a 1-week return of -3.14% and a 1-month return of -11.69%. It is also trading close to its 52-week low, just 0.49% away from Rs 184.1. Additionally, the stock is trading lower than all its moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 51.79% against the 5-day average, this has not translated into positive price movement. The absence of positive factors in the dashboard suggests that there are no significant catalysts to support a price recovery.
In the broader market context, Emkay Taps & Cutting Tools Ltd's performance has been notably weaker compared to the Sensex, which has gained 0.36% over the past week. The stock's year-to-date decline of -59.78% starkly contrasts with the Sensex's positive return of 5.60%, highlighting a significant underperformance. Over the past year, the stock has plummeted by 80.91%, while the benchmark has only slightly increased by 0.58%. This persistent underperformance against the benchmark indicates a lack of investor confidence and suggests that broader market conditions are not favorable for the stock at this time.