Why is Emkay Taps & Cut falling/rising?

As of 03-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 165.00, which reflects a decrease of Rs. 4.35 or 2.57%. The stock has hit a new 52-week low of Rs. 161.05 today and has underperformed its sector by 2.87%. Additionally, it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a significant drop of 7.41%, and its year-to-date performance shows a staggering decline of 64.13%. While there has been a rise in investor participation, with a 29.37% increase in delivery volume, the overall sentiment remains negative, as there are no positive factors reported to counterbalance the stock's recent poor performance.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a slight increase of 0.01% over the past week, Emkay Taps & Cutting Tools Ltd's performance has been notably weak. The stock's one-month return of -16.03% contrasts sharply with the Sensex's positive return of 0.61%, indicating a significant underperformance relative to the broader market. This trend continues over longer periods, with the stock down 82.52% over the past year while the Sensex has only decreased by 2.23%. The stark difference in performance highlights the challenges faced by Emkay Taps & Cutting Tools Ltd in the current market environment.