Why is Emkay Taps & Cut falling/rising?

As of 29-Aug, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 169.80, which reflects a decrease of Rs. 6.05 or 3.44%. The stock has hit a new 52-week low today and is underperforming its sector by 2.73%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown significant negative returns over various periods, including a 63.09% decline year-to-date and an 81.68% drop over the past year. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 18.08% compared to the 5-day average.
In the broader market context, the stock's performance has been significantly worse than the benchmark, with a 1-week return of -11.17% compared to the Sensex's -1.78% and a 1-month return of -15.10% against the Sensex's -1.59%. This stark contrast indicates that Emkay Taps & Cutting Tools Ltd is struggling more than the overall market. The liquidity of the stock appears adequate for trading, but the overall negative sentiment and poor performance metrics suggest that investors are cautious, contributing to the stock's decline.