Why is Emkay Taps & Cut falling/rising?

As of 18-Nov, Emkay Taps & Cutting Tools Ltd is experiencing a decline in its stock price, currently at Rs. 125.20, which reflects a decrease of Rs. 11.45 or 8.38%. The stock has hit a new 52-week low of Rs. 122 today and has underperformed its sector by 7.08%. Over the past week, the stock has fallen by 13.06%, and year-to-date, it has plummeted by 72.78%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 305.17% compared to the 5-day average, suggesting some interest in the stock despite its poor performance.
In the broader market context, Emkay Taps & Cutting Tools Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.84% over the past week and 9.58% year-to-date. This significant underperformance highlights the challenges the company faces relative to the overall market. The lack of available positive factors further emphasizes the difficulties the stock is encountering, as it continues to struggle against both sector performance and broader market trends.