Why is Emkay Taps & Cut falling/rising?

As of 11-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 157.60, which represents a decrease of Rs. 6.9 or 4.19%. The stock has hit a new 52-week low of Rs. 157.15 today and is underperforming its sector by 3.47%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 42.31% compared to the 5-day average, suggesting a decline in investor participation. Over the past year, the stock has seen a substantial drop of 83.92%, while its year-to-date performance shows a decline of 65.74%, indicating ongoing challenges for the company.
In the broader market context, the Sensex has shown a positive return of 1.10% over the past week and a gain of 5.75% year-to-date, contrasting sharply with Emkay Taps & Cutting Tools Ltd's negative returns. This underperformance relative to the benchmark highlights the stock's struggles in attracting investor interest amidst a generally favorable market environment. The lack of available positive factors further emphasizes the challenges the company faces, contributing to the downward pressure on its stock price.