Why is Everest Inds. falling/rising?

As of 27-Oct, Everest Industries Ltd is experiencing a decline in its stock price, currently at Rs 615.00, which represents a decrease of Rs 32.3 or 4.99%. The stock has underperformed its sector by 4.38% today and has been on a downward trend for the last two days, accumulating a total return loss of 6.74% during this period. Additionally, the stock has shown significant negative returns over various time frames, including a 20.82% decline year-to-date and a 37.78% drop over the past year. The stock opened with a loss of 2.7% today and reached an intraday low of Rs 615. The moving averages indicate that while the stock is above the 100-day and 200-day averages, it is below the 5-day, 20-day, and 50-day averages, suggesting a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 144.22% on October 24, indicating some interest despite the overall decline.
In the broader market context, the Sensex has shown a positive return of 0.49% over the past week and a 5.41% increase over the past month, contrasting sharply with Everest Industries' 4.95% and 9.57% declines in the same periods. This underperformance highlights the stock's struggle relative to the benchmark index, which has gained 8.50% year-to-date compared to Everest's significant drop. The liquidity of the stock remains adequate for trading, as it constitutes 2% of the 5-day average traded value, but the overall negative sentiment and recent price movements suggest that investors may be cautious about the stock's future performance.