Why is Gujarat Hy-Spin falling/rising?

As of 22-Sep, Gujarat Hy-Spin Ltd's stock price is currently at 14.76, reflecting a decline of 3.56, or 19.43%. The stock has been underperforming significantly, having lost 40% over the past week and 40.94% over the past month. It has also experienced a consecutive fall for four days, with today's trading opening down by 15.39%. The stock reached an intraday low of Rs 14.66, indicating a high level of volatility with a wide trading range of Rs 1.64. Additionally, it is trading below all major moving averages, which suggests a bearish trend. While there has been a notable increase in delivery volume, rising by 305.8% against the five-day average, the overall sentiment remains negative, contributing to the stock's recent decline.
In the broader market context, Gujarat Hy-Spin's performance contrasts sharply with the Sensex, which has gained 0.46% over the past week. The stock's year-to-date return is down by 28.87%, while the Sensex has increased by 5.15% during the same period. This stark difference highlights the stock's struggles relative to the benchmark. The textile machinery sector has seen a slight gain of 2.58%, but this has not translated into positive momentum for Gujarat Hy-Spin. Overall, the combination of poor stock performance, high volatility, and underperformance against the benchmark indicates a challenging environment for Gujarat Hy-Spin Ltd.