Why is Emkay Taps & Cut falling/rising?

As of 09-Sep, Emkay Taps & Cutting Tools Ltd is currently priced at Rs 163.00, reflecting an increase of Rs 0.75 or 0.46%. Despite this slight uptick, the stock has been underperforming in the longer term, with a 1-week decline of 3.75%, a 1-month drop of 15.04%, and a year-to-date decrease of 64.57%. The stock is also trading close to its 52-week low, just 1.2% away from Rs 161.05. Additionally, it is trading below all key moving averages, indicating a bearish trend. The delivery volume has decreased significantly, falling by 25.68% compared to the 5-day average, suggesting a decline in investor participation.
In the broader market context, the Sensex has shown resilience with a 1-week gain of 1.18% and a 1-month increase of 2.07%, contrasting sharply with Emkay's recent performance. The stock's substantial underperformance over the past year, with an 82.47% decline compared to a slight drop of 0.27% in the Sensex, highlights a significant divergence from the broader market trends. This suggests that while the overall market may be stabilizing or improving, Emkay Taps & Cutting Tools Ltd is facing specific challenges that are contributing to its continued decline.