Why is Emkay Taps & Cut falling/rising?

As of 17-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 151.35, reflecting a decrease of Rs. 0.6 or 0.39%. The stock has hit a new 52-week low of Rs. 145.5 today and has underperformed its sector by 0.89%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has shown significant underperformance over various periods, with a year-to-date decline of 67.10% and a one-year drop of 84.07%. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 64.71% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, the Sensex has shown a positive return of 1.43% over the past week and a 2.84% increase over the past month, contrasting sharply with Emkay Taps & Cutting Tools Ltd's 7.99% and 20.63% declines in the same periods. This stark difference highlights the stock's significant underperformance relative to the benchmark index. The overall market appears to be on an upward trend, while Emkay Taps & Cutting Tools Ltd continues to struggle, reflecting broader challenges that the company faces in attracting investor confidence and participation.