Why is Gokak Textiles falling/rising?

As of 17-Oct, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at Rs 82.75, which reflects a decrease of 3.27 points or 3.8%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 7.04% during this period. Although it opened with a gain of 5.17% today and reached an intraday high of Rs 90.47, it also touched a low of Rs 82.32, indicating significant volatility. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, while there has been a rise in investor participation with a 21.96% increase in delivery volume, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 48.30% compared to the Sensex's gain of 7.44%.
In the broader market context, Gokak Textiles' short-term performance has been notably poor when compared to the benchmark Sensex, which has gained 1.76% over the past week while the stock has dropped 7.02%. This stark contrast highlights the stock's struggles relative to the market. The negative sentiment surrounding Gokak Textiles is further compounded by its significant year-over-year decline of 63.96%, while the Sensex has only increased by 3.64% in the same timeframe. Overall, the combination of recent price movements, underperformance against the sector, and the broader market trends contribute to the stock's current downward trajectory.