Why is Garg Furnace falling/rising?

As of 17-Nov, Garg Furnace Ltd's stock price is currently at Rs 147.00, reflecting a decline of Rs 5.25 or 3.45%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total loss of 10.06% during this period. It is also trading close to its 52-week low, just 1.39% away from Rs 144.95. Despite opening with a gain of 7.06% today and reaching an intraday high of Rs 166.45, the stock has shown significant volatility with a wide trading range of Rs 21.45. Additionally, Garg Furnace has underperformed its sector by 3.48% today and is trading below all key moving averages, indicating a bearish sentiment among investors. The positive aspect is the rising investor participation, with delivery volume increasing by 72.44% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, Garg Furnace's performance has been notably poor compared to the benchmark Sensex, which has gained 1.69% over the past week while Garg Furnace has lost 6.64%. Over the past month, the stock has decreased by 8.89%, contrasting sharply with the Sensex's modest gain of 1.19%. Year-to-date, Garg Furnace has seen a staggering decline of 45.66%, while the Sensex has risen by 8.72%. This stark difference in performance highlights the challenges faced by Garg Furnace in the current market environment, contributing to its falling stock price.