Why is Encode Packaging falling/rising?

As of 11-Jul, Encode Packaging India Ltd is experiencing a decline in its stock price, currently at 11.62, which represents a decrease of 0.58 or 4.75%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.57% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 61.71% compared to the 5-day average. Over the past year, the stock has declined by 16.46%, while the broader market, represented by the Sensex, has increased by 3.26%. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
Broader Market Context: In the short term, Encode Packaging's performance has been notably weaker than the benchmark, with a 1-week return of -5.14% compared to the Sensex's decline of only 1.12%. This underperformance is further highlighted by the stock's year-to-date return of -3.17%, contrasting sharply with the Sensex's gain of 5.58%. The broader market context suggests that while the overall market has shown resilience, Encode Packaging has struggled significantly, contributing to its recent price decline.