Why is Giriraj Civil falling/rising?

As of 07-Nov, Giriraj Civil Developers Ltd is experiencing a decline in its stock price, currently at Rs. 161.50, which represents a decrease of Rs. 8.5 or 5.0%. The stock has reached a new 52-week low today and is underperforming its sector by 3.86%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 8.16% compared to the 5-day average. Over the past week, the stock has declined by 18.52%, and year-to-date, it has dropped 48.71%, while its performance over the last month shows a staggering decline of 55.75%.
In the broader market context, the Sensex has only decreased by 0.89% over the past week and has increased by 7.81% year-to-date, highlighting that Giriraj Civil's performance is significantly worse than the overall market. The stark contrast in returns, with Giriraj Civil down 59.52% over the past year compared to the Sensex's 5.34% gain, further emphasizes the stock's struggles. This underperformance suggests that investor sentiment towards Giriraj Civil is weak, which is compounded by the lack of positive factors available to support a turnaround in its price movement.