Why is Gratex Industrie falling/rising?

As of 07-Nov, Gratex Industries Ltd is experiencing a decline in its stock price, currently at Rs 19.00, which reflects a decrease of Rs 1.0 or 5.0%. The stock has underperformed its sector by 4.54% today and has been on a downward trend, losing 9.52% over the last two days. Additionally, it has not traded on one day out of the last twenty, indicating erratic trading behavior. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 88.78% compared to the 5-day average, which could indicate a lack of confidence among investors.
Broader market context shows that Gratex Industries has underperformed the Sensex, with a 1-week return of -13.36% compared to the benchmark's -0.86%. Over the past month, the stock has declined by 6.45%, while the Sensex has gained 1.57%. Year-to-date, Gratex Industries has seen a substantial drop of 27.54%, contrasting sharply with the Sensex's increase of 6.50%. This significant underperformance relative to the broader market may be contributing to the negative sentiment surrounding the stock, further exacerbating its price decline.