Why is Evans Electric falling/rising?

As of 06-Oct, Evans Electric Ltd is experiencing a decline in its stock price, currently at Rs 148.20, which represents a decrease of Rs 7.8 or 5.0%. The stock has been underperforming significantly, having lost 12.82% over the past week and 5.39% over the past month. Today, it opened with a loss of 3.17% and has touched an intraday low of Rs 148.2. The stock has been on a consecutive downward trend for the last four days, and it is trading below all key moving averages, indicating a bearish sentiment. Additionally, there has been a decrease in investor participation, with delivery volume falling by 6.25% against the five-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has shown a positive return of 1.77% over the past week, contrasting sharply with Evans Electric's decline. This underperformance relative to the benchmark indicates that the stock is not only struggling in isolation but is also lagging behind the overall market trend. The year-to-date performance of Evans Electric is down 17.74%, while the Sensex has gained 4.67%, further highlighting the stock's challenges in attracting investor interest compared to the broader market.