Why is Evans Electric falling/rising?

As of 13-Nov, Evans Electric Ltd is experiencing a decline in its stock price, currently at Rs 147.90, which reflects a decrease of Rs 12.3 or 7.68%. The stock has underperformed its sector by 6.96% today and has been on a downward trend for the last two days, accumulating a total loss of 11.41% during this period. Additionally, the stock opened with a significant gap down of 6.37% and reached an intraday low of Rs 144.2, marking a 9.99% drop. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While there has been a notable increase in delivery volume, rising by 190.32% against the 5-day average, the overall performance remains weak, with the stock showing negative returns of 7.56% over the past week and 10.36% over the past month.
In the broader market context, the Sensex has shown resilience, gaining 1.40% over the past week and 2.61% over the past month, contrasting sharply with Evans Electric's negative returns. This divergence indicates that while the overall market is performing well, Evans Electric is struggling significantly, as evidenced by its year-to-date decline of 17.90% compared to the Sensex's gain of 8.11%. The stock's erratic trading pattern, including a day without trades in the last 20 days, further highlights its volatility and challenges in maintaining investor confidence amidst a generally positive market environment.