Why is Emkay Taps & Cut falling/rising?

As of 04-September, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs 162.95, which reflects a decrease of Rs 2.05 or 1.24%. The stock has underperformed significantly, with a 1-week return of -7.34% and a 1-month return of -18.73%. Additionally, it is trading lower than all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being just 1.17% away from Rs 161.05. Despite a rise in delivery volume by 36.05% against the 5-day average, there are no available positive factors to counterbalance the negative performance.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.95% over the past week and 0.05% over the past month, Emkay Taps & Cutting Tools Ltd's performance is notably weaker. The stock has seen a year-to-date decline of 64.58%, while the Sensex has increased by 4.61% during the same period. This stark contrast highlights the challenges faced by Emkay Taps & Cutting Tools Ltd in the current market environment, contributing to its ongoing price decline.