Why is Esprit Stones falling/rising?

As of 31-Jul, Esprit Stones Ltd is experiencing a decline in its stock price, currently at 100.00, which reflects a decrease of 2.75 or 2.68%. The stock has underperformed its sector by 4.13% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 27.54% compared to the 5-day average. Over the past week, the stock has decreased by 1.72%, and for the month, it has fallen by 5.03%. Year-to-date, the stock has seen a substantial decline of 20.54%, contrasting sharply with the Sensex, which has gained 4.75%.
In the broader market context, Esprit Stones' recent performance shows a notable underperformance compared to the Sensex, particularly in the short term. While the Sensex has decreased by only 1.17% over the past week and 3.03% over the past month, Esprit Stones has faced more significant losses. This disparity indicates that investor sentiment towards Esprit Stones is weaker than that towards the overall market, contributing to its declining stock price. The lack of available positive factors further emphasizes the challenges the company is facing in the current market environment.