Why is Emkay Taps & Cut falling/rising?

As of 10-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a price increase, currently at Rs 164.50, reflecting a rise of Rs 1.5 or 0.92%. Despite this uptick, the stock has been underperforming significantly over various time frames, with a year-to-date decline of 64.24% and a one-year drop of 83.16%. The stock is trading lower than its moving averages across all time frames, indicating a bearish trend. Additionally, investor participation has decreased sharply, with delivery volume falling by 50.66% compared to the five-day average, suggesting waning interest among investors. The stock is also close to its 52-week low, just 2.1% away from Rs 161.05.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.04% over the past week and 2.50% over the past month. This underperformance highlights the stock's struggle relative to the overall market, particularly given its substantial declines over the year and year-to-date periods. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume raises concerns about future investor confidence and market sentiment surrounding Emkay Taps & Cutting Tools Ltd.