Why is Evans Electric falling/rising?

As of 18-Nov, Evans Electric Ltd is experiencing a decline in its stock price, currently at 138.00, which reflects a decrease of 4.0 or 2.82%. The stock has underperformed its sector by 2.26% today and has been on a downward trend for the last two days, accumulating a total loss of 5.02% in that period. It opened with a loss of 2.08% and reached an intraday low of Rs 136, marking a decline of 4.23%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, investor participation has decreased significantly, with delivery volume dropping by 44.44% compared to the 5-day average, indicating a lack of interest among investors.
In the broader market context, Evans Electric's performance over the past week shows a substantial decline of 17.34%, while the Sensex has increased by 0.96%. Over the past month, the stock has also decreased by 13.75%, contrasting with the Sensex's modest gain of 0.86%. Year-to-date, Evans Electric has fallen by 23.40%, while the benchmark has risen by 8.36%. This stark difference in performance highlights the stock's struggles relative to the broader market, contributing to its current downward trajectory.