Why is Emkay Taps & Cut falling/rising?

As of 02-September, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs 169.35, which represents a decrease of Rs 2.85 or 1.66%. The stock is trading close to its 52-week low, just 0.5% away from Rs 168.5. Additionally, it has underperformed its sector by 3.23% today. The stock has shown significant negative returns over various periods, with a year-to-date decline of 63.18% and a one-year drop of 82.06%. Furthermore, it is trading below all key moving averages, indicating a bearish trend. There is also a notable decrease in investor participation, with delivery volume falling by 43.4% compared to the five-day average, suggesting reduced interest from investors.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 0.06% over the past month, contrasting sharply with Emkay's 13.82% decline in the same period. This underperformance highlights the stock's struggles compared to the benchmark index. The significant disparity in returns, particularly the 1-week return of -4.97% against the Sensex's -0.54%, further emphasizes the challenges faced by Emkay Taps & Cutting Tools Ltd in the current market environment.