Why is Gokak Textiles falling/rising?

As of 12-Sep, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at 90.90, which reflects a decrease of 0.6 or 0.66%. The stock has fallen after three consecutive days of gains, indicating a potential trend reversal. Although the stock's performance today is in line with the sector, it has shown a negative return of 5.31% over the past month and a significant decline of 43.21% year-to-date. The moving averages indicate that while the stock is above the 5-day and 20-day averages, it remains below the 50-day, 100-day, and 200-day averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 30.61% against the 5-day average, suggesting some level of interest despite the overall downward trend.
In the broader market context, Gokak Textiles' short-term performance over the past week shows a gain of 1.00%, which is lower than the Sensex's increase of 1.48%. This indicates that while the stock has seen some recovery recently, it is not keeping pace with the benchmark index. The stock's year-on-year decline of 56.27% contrasts sharply with the Sensex's slight decrease of 1.28%, highlighting the underperformance of Gokak Textiles relative to the broader market. Overall, the combination of recent price movements, investor participation, and comparative returns suggests that Gokak Textiles is facing challenges that are contributing to its current decline.