Why is Envair Electrody falling/rising?

As of 31-Oct, Envair Electrody Ltd's stock price is currently at Rs 82.26, reflecting a decrease of Rs 4.32 or 4.99%. The stock has been on a downward trend, having underperformed its sector by 4.16% today and experiencing a consecutive fall for the last six days, resulting in a significant decline of 33.6% during this period. The stock opened with a loss of 4.99% and has remained at this price level throughout the day. Additionally, the stock's performance over the past week shows a sharp decline of 26.23%, while its year-to-date performance is down by 38.08%. Notably, investor participation has decreased, with delivery volume dropping by 85.24% compared to the five-day average, indicating waning interest in the stock.
Broader Market Context: In comparison to the Sensex, which has only declined by 0.32% over the past week, Envair Electrody's performance has been significantly worse. While the Sensex has shown a positive return of 3.65% over the past month, Envair Electrody's stock has increased by 17.85% in the same timeframe, suggesting that the recent decline is a sharp contrast to its prior recovery. However, the stock's year-on-year performance is notably poor, down 47.64%, while the Sensex has gained 5.73%. This stark difference highlights the challenges faced by Envair Electrody in maintaining investor confidence amidst broader market stability.