Why is Excellent Wires falling/rising?

As of 09-Sep, Excellent Wires and Packaging Ltd is experiencing a decline in its stock price, currently at Rs 45.45, reflecting a decrease of Rs 0.9 or 1.94%. The stock has underperformed significantly, with a 1-week return of -1.94%, a 1-month return of -12.09%, and a year-to-date return of -24.63%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.09% away from Rs 44.5. Despite a rise in investor participation, with delivery volume increasing by 50% against the 5-day average, the overall performance remains weak, suggesting a lack of positive momentum.
In the broader market context, Excellent Wires' recent performance contrasts sharply with the Sensex, which has gained 1.18% over the past week and 2.07% over the past month. This underperformance highlights the stock's struggles relative to the market, where the benchmark has shown resilience. The liquidity of the stock is adequate for trading, but the significant negative returns over various periods indicate that investor sentiment is currently unfavorable. Overall, the combination of poor stock performance, underwhelming returns compared to the benchmark, and the proximity to a 52-week low contributes to the downward pressure on Excellent Wires' stock price.