Why is Esprit Stones falling/rising?

As of 29-Sep, Esprit Stones Ltd is experiencing a decline in its stock price, currently at Rs. 78.00, which represents a decrease of Rs. 1.5 or 1.89%. The stock has hit a new 52-week low today, indicating significant downward pressure. It has underperformed its sector by 0.54% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.99%, and year-to-date, it has fallen by 38.02%. While there has been a slight increase in investor participation, with delivery volume rising by 4.17% against the 5-day average, the overall performance remains weak, and no positive factors are available to counterbalance the negative trends.
Broader market context shows that while Esprit Stones has declined significantly, the benchmark Sensex has only decreased by 2.25% over the past week and has gained 4.19% year-to-date. This stark contrast highlights the stock's underperformance relative to the broader market. The negative sentiment surrounding Esprit Stones is further emphasized by its substantial losses over the past month and year, indicating a lack of investor confidence compared to the overall market trends.