Why is Emkay Taps & Cut falling/rising?

As of 26-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 142.65, which reflects a decrease of Rs. 7.95 or 5.28%. The stock has hit a new 52-week low of Rs. 140 today and is underperforming its sector by 2.99%. 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 stock has shown significant declines over various periods, with a year-to-date drop of 68.99% and a one-year decline of 84.66%. There is also a notable decrease in investor participation, as the delivery volume has fallen by 39.39% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, Emkay Taps & Cutting Tools Ltd has underperformed compared to the Sensex, which has only declined by 2.65% over the past week, while the stock itself has dropped by 8.56%. This stark contrast highlights the stock's struggles relative to the overall market. The significant year-to-date and one-year losses further emphasize the challenges the company faces, particularly in a market that has seen a modest gain of 4.27% year-to-date. Overall, the combination of poor stock performance, declining investor interest, and unfavorable comparisons to the benchmark suggests a challenging environment for Emkay Taps & Cutting Tools Ltd.