Why is Geekay Wires falling/rising?

As of 31-Oct, Geekay Wires Ltd is experiencing a decline in its stock price, currently at Rs 32.92, which reflects a decrease of Rs 0.93 or 2.75%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.02% away from Rs 31.595. Over the past week, the stock has underperformed the sector by 2.23%, and its year-to-date performance shows a significant decline of 33.54%, contrasting sharply with the Sensex's gain of 8.79%. Although there has been a notable increase in investor participation, with delivery volume rising by 66.7% against the 5-day average, the overall sentiment remains negative.
In the broader market context, Geekay Wires' short-term performance has been unfavorable compared to the Sensex, which has only declined by 0.28% over the past week, while Geekay Wires has dropped by 3.06%. This underperformance is further highlighted by its negative returns over the past month and year, with declines of 4.27% and 38.10%, respectively, while the Sensex has shown positive returns in the same periods. The liquidity of the stock appears adequate for trading, as it constitutes 2% of the 5-day average traded value, but the overall market conditions and the stock's recent performance suggest a challenging environment for Geekay Wires Ltd.