Why is Gratex Industrie falling/rising?

As of 03-Nov, Gratex Industries Ltd is experiencing a decline in its stock price, currently at 21.00, reflecting a decrease of 0.93 or 4.24%. The stock has underperformed its sector by 5.48% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 9.01% in that period. Despite showing positive returns over the past week and month, with increases of 5.21% and 1.65% respectively, the year-to-date performance remains significantly negative at -19.91%. Additionally, the stock's delivery volume has decreased by 40.29% compared to the 5-day average, indicating falling investor participation, which may contribute to the recent price drop.
In the broader market context, while Gratex Industries has shown some resilience in the short term with a weekly gain, it has still underperformed against the Sensex, which has seen a slight decline of 0.94% over the same period. The stock's year-to-date performance is notably worse than the benchmark's positive return of 7.47%. This disparity highlights the challenges Gratex Industries faces in attracting investor confidence, especially given its recent liquidity status and the fact that it is trading below its moving averages for the shorter term. Overall, the combination of declining investor interest and poor relative performance against the benchmark suggests a challenging environment for Gratex Industries at this time.