Why is Emkay Taps & Cut falling/rising?

As of 15-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 153.45, which represents a decrease of Rs. 5.75 or 3.61%. The stock has hit a new 52-week low of Rs. 152.05 today and has underperformed its sector by 3.65%. Additionally, Emkay Taps & Cutting Tools Ltd is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 5.42%, and it has shown significant declines over longer periods, with a year-to-date drop of 66.64% and a one-year decline of 84.34%. There is a notable increase in investor participation, with delivery volume rising by 151.7% against the 5-day average, indicating some interest despite the overall negative performance.
In the broader market context, the Sensex has increased by 1.20% over the past week, contrasting sharply with Emkay Taps & Cutting Tools Ltd's decline. This underperformance is evident as the stock has not only lagged behind the benchmark in the short term but also over longer periods, with a three-year return of -53.20% compared to the Sensex's gain of 40.23%. The lack of available positive factors further emphasizes the challenges faced by the company, contributing to the downward pressure on its stock price amidst a generally more favorable market environment.