Why is Emkay Taps & Cut falling/rising?

As of 08-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs 162.25, which reflects a decrease of Rs 2.4 or 1.46%. The stock is trading close to its 52-week low, just 0.74% away from Rs 161.05. It has underperformed its sector by 2.31% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 74.29% compared to the 5-day average. The stock has also shown poor performance over various periods, with a year-to-date decline of 64.73% and a one-year decline of 82.65%, indicating a persistent downward trend.
In the broader market context, the Sensex has shown a positive return of 0.60% over the past week, while Emkay Taps & Cutting Tools Ltd has declined by 5.78% in the same period. This stark contrast highlights the stock's underperformance relative to the benchmark index. The overall market appears to be stable or improving, which further emphasizes the challenges faced by Emkay Taps & Cutting Tools Ltd. The lack of available positive factors in the dashboard suggests that there are no significant catalysts to support a recovery in the stock's price at this time.