Why is Excellent Wires falling/rising?

As of 28-Oct, Excellent Wires and Packaging Ltd is experiencing a decline in its stock price, currently at Rs 43.65, which represents a decrease of Rs 0.9 or 2.02%. The stock has underperformed significantly, with a 1-week return of -6.93% and a 1-month return of -8.20%. It is also trading 3.78% away from its 52-week low and is below all its moving averages, indicating a bearish trend. Although there has been a notable increase in investor participation, with delivery volume rising by 66.67% on October 24, the overall performance remains weak, as the stock has declined by 27.61% year-to-date and 37.64% over the past year.
In the broader market context, the Sensex has shown a positive return of 0.26% over the past week and 5.20% over the past month, contrasting sharply with Excellent Wires' negative performance. This suggests that the stock is not only underperforming relative to its sector but also lagging behind the overall market. The liquidity of the stock is adequate for trading, but the lack of available positive factors further exacerbates its downward trajectory, highlighting the challenges faced by Excellent Wires in the current market environment.