Why is Gandhar Oil Ref. falling/rising?

As of 07-Aug, Gandhar Oil Refinery (India) Ltd is experiencing a decline in its stock price, currently at Rs 159.60, which reflects a decrease of Rs 3.0 or 1.85%. The stock has underperformed its sector by 1.57% today, having touched an intraday low of Rs 158, representing a drop of 2.83%. Over the past week, the stock has fallen by 2.21%, and it has seen a significant decline of 25.07% year-to-date. Additionally, Gandhar Oil is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 153.03% against the 5-day average, the absence of any positive factors in the dashboard suggests that the stock's recent movement is primarily influenced by negative sentiment.
In the broader market context, Gandhar Oil's short-term performance has been worse than the benchmark Sensex, which has only declined by 0.69% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 25.07% compared to the Sensex's gain of 3.18%. This stark contrast highlights the challenges faced by Gandhar Oil in attracting investor confidence amidst a generally more favorable market environment. The liquidity of the stock remains adequate for trading, but the overall negative performance metrics indicate that investors may be cautious about its future prospects.