Why is Gujarat Cotex falling/rising?

As of 27-Oct, Gujarat Cotex Ltd's stock price is currently at Rs. 7.94, reflecting a decline of Rs. 0.2 or 2.46%. The stock has recently hit a new 52-week low of Rs. 6.72 and has been underperforming its sector by 2.64%. Over the past week, the stock has decreased by 2.70%, and its year-to-date performance shows a significant drop of 53.78%. Additionally, the stock has been trading below its moving averages across various time frames, indicating a bearish trend. Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 88.42% against the 5-day average, suggesting some interest in the stock despite its recent poor performance.
In the broader market context, Gujarat Cotex's short-term return has been negative compared to the benchmark Sensex, which has gained 0.49% over the past week. This stark contrast highlights the stock's struggles relative to the overall market performance. The stock's consecutive decline over the last two days, totaling a 5.02% drop, further emphasizes its underperformance. While the liquidity of the stock appears adequate for trading, the overall sentiment remains negative, contributing to the stock's downward trajectory.