Why is Emkay Taps & Cut falling/rising?

As of 12-Sep, Emkay Taps & Cutting Tools Ltd is currently priced at Rs. 159.20, reflecting an increase of Rs. 1.6 or 1.02%. The stock has recently hit a new 52-week low of Rs. 155, indicating ongoing struggles in its price performance. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 309.52% against the 5-day average, indicating some renewed interest. However, the stock has experienced significant declines over various periods, including a 65.39% drop year-to-date and an 83.76% decline over the past year, which highlights the challenges it faces.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.51% over the past week and 2.56% over the past month. This stark difference underscores the stock's underperformance relative to the market. While the Sensex has shown resilience with a year-to-date increase of 6.21%, Emkay Taps & Cutting Tools Ltd's significant losses over the same period reflect a lack of confidence among investors. The absence of any positive factors in the dashboard further emphasizes the challenges the company is facing, contributing to its overall negative sentiment in the market.