Why is Emkay Taps & Cut falling/rising?

As of 28-Aug, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 175.85, which reflects a decrease of Rs. 2.35 or 1.32%. The stock has hit a new 52-week low today, indicating significant downward pressure. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 15.63% compared to the 5-day average. The stock's performance over various periods shows a substantial decline, with a year-to-date drop of 61.77% and a one-year decline of 81.74%, highlighting ongoing challenges for the company.
In the broader market context, Emkay Taps & Cutting Tools Ltd's short-term performance has been significantly worse than the benchmark Sensex, which has only declined by 2.32% over the past week. The stock's performance over the last month and year also contrasts sharply with the Sensex, which has shown a modest increase of 3.62% year-to-date. This stark difference suggests that the company's struggles are not just a reflection of market conditions but also indicate specific issues affecting its operations and investor confidence. Overall, the combination of poor stock performance, declining investor interest, and unfavorable comparisons to the benchmark indicates a challenging environment for Emkay Taps & Cutting Tools Ltd.