Why is Esprit Stones falling/rising?

As of 12-Sep, Esprit Stones Ltd is currently priced at 86.75, showing no change (0.00%). The stock has recently underperformed, with a 1-month return of -9.68% compared to a positive 2.56% return for the Sensex. Additionally, the stock is trading close to its 52-week low, just 1.96% away from Rs 85.05. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 26.67% against the 5-day average, suggesting reduced interest in the stock.
Broader Market Context: In the short term, Esprit Stones has lagged behind the benchmark, with a 1-week return of +0.87% compared to the Sensex's +1.51%. This underperformance highlights the stock's struggles relative to the broader market. While the Sensex has shown resilience with a year-to-date return of +6.21%, Esprit Stones has faced significant challenges, reflected in its year-to-date decline of -31.07%. The overall market context indicates that while the benchmark is experiencing growth, Esprit Stones is facing headwinds that are contributing to its stagnant price movement.