Why is Equilateral Ent. falling/rising?

As of 24-Jul, Equilateral Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 26.45, which represents a decrease of Rs 1.39 or 4.99%. The stock has underperformed its sector by 4.79% today and has been on a downward trend, falling for the last two consecutive days with a total decline of 9.73% during this period. Additionally, the stock opened with a loss of 4.99% and has not traded above this price throughout the day. The stock's performance over the past week shows a significant decline of 8.00%, while the one-month return is down by 12.99%. Notably, there has been a drastic reduction in investor participation, with delivery volume dropping by 80.64% compared to the five-day average, indicating a lack of interest from investors.
In the broader market context, the Sensex has remained relatively stable, with only a slight increase of 0.16% over the past month, contrasting sharply with Equilateral Enterprises' significant declines. This suggests that the stock's poor performance is not merely a reflection of broader market conditions but rather specific issues affecting the company itself. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, and 50-day averages, which may further contribute to negative investor sentiment. Overall, the combination of falling investor participation, consecutive price declines, and significant underperformance relative to the benchmark highlights the challenges Equilateral Enterprises Ltd is facing in the current market environment.