Why is Evans Electric falling/rising?

As of 13-Jun, Evans Electric Ltd is experiencing a decline in its stock price, currently at Rs 170.45, which reflects a decrease of Rs 8.95 or 4.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.7% during this period. Today, it opened with a loss of 2.2% and reached an intraday low of Rs 170.45. In terms of performance against benchmarks, the stock has shown a 5.31% decline over the past week, while it has increased by 12.14% over the past month. However, year-to-date, it has decreased by 5.38%, contrasting with the Sensex, which has gained 3.81% during the same timeframe. Notably, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, but is below its 5-day moving average. Additionally, there has been a rise in investor participation, with a 40.24% increase in delivery volume compared to the 5-day average.
Broader Market Context: The broader market context indicates that while Evans Electric has struggled recently, the Sensex has only declined by 1.30% over the past week, suggesting that the stock's performance is significantly worse than the overall market. The stock's year-to-date performance is also notably poorer than the benchmark, which has seen positive growth. This underperformance may be attributed to a combination of factors, including recent price declines and market sentiment, although specific positive or negative factors were not provided in the data. Overall, the stock's recent movements reflect a challenging environment compared to its benchmark and a broader market that is not experiencing the same level of decline.