Why is Encode Packaging falling/rising?

As of 23-Jun, Encode Packaging India Ltd is experiencing a decline in its stock price, currently at 12.25, reflecting a decrease of 0.24 or 1.92%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.62% during this period. 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 recent performance metrics show that over the past week, the stock has decreased by 8.85%, and over the past year, it has declined by 12.19%, while the benchmark Sensex has gained 6.07%. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader Market Context: In the short term, Encode Packaging's performance has significantly lagged behind the Sensex, which has shown a slight increase of 0.12% over the past week, while Encode has dropped by 8.85%. This stark contrast highlights the stock's struggles in the current market environment. The falling investor participation, with a notable decrease in delivery volume by 55.45% against the 5-day average, further suggests a lack of confidence among investors, contributing to the stock's downward trajectory.