Why is Encode Packaging falling/rising?

As of 07-Nov, Encode Packaging India Ltd is experiencing a decline in its stock price, currently at 11.83, which represents a decrease of 0.54 or 4.37%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 9% 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 shows that the stock has underperformed its sector by 3.61%. Over the past week, it has dropped by 10.04%, while the benchmark Sensex has only decreased by 0.86%. Year-to-date, the stock is down 1.42%, contrasting sharply with the Sensex's gain of 6.50%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In the context of the broader market, Encode Packaging's short-term performance has been significantly worse than that of the Sensex. While the stock has seen a decline of 10.04% over the past week, the Sensex has only experienced a minor drop of 0.86%. This stark contrast highlights the stock's struggles relative to the overall market, which has been more resilient. The liquidity of the stock appears to be adequate, with a delivery volume that, although down by 16.66% compared to the 5-day average, still indicates some level of trading activity. Overall, the combination of poor recent performance, underwhelming investor participation, and a lack of positive factors contributes to the stock's downward trajectory.