Why is Evans Electric falling/rising?

As of 05-Sep, Evans Electric Ltd is experiencing a decline in its stock price, currently at 156.65, reflecting a decrease of 7.35 or 4.48%. The stock has underperformed its sector by 5.01% today and opened with a loss of 2.44%. It touched an intraday low of Rs 155.8, which is a 5% drop. Additionally, the stock 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 3.36%, and it has seen a year-to-date decline of 13.04%, contrasting with the Sensex, which has gained 3.29% during the same period. While there has been a rise in investor participation, with delivery volume increasing by 66.67% against the 5-day average, the absence of any positive factors in the dashboard suggests a lack of supportive news or developments for the stock.
Broader Market Context: In the short term, Evans Electric's performance has been notably weaker than the benchmark, as it has declined by 3.36% over the past week while the Sensex has increased by 1.13%. This underperformance is indicative of broader market trends where the stock has not only lagged behind the benchmark but also shown significant losses in the last month and year-to-date. The overall market context, combined with the stock's technical indicators and lack of positive developments, contributes to the downward pressure on Evans Electric's stock price.