Why is Hardwyn India falling/rising?

As of 08-Aug, Hardwyn India Ltd is experiencing a decline in its stock price, currently at 12.75, reflecting a decrease of 0.38 or 2.89%. The stock has been underperforming, having lost 9.57% over the last eight days and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over various periods shows significant underperformance, with a year-to-date decline of 30.37% and a one-year drop of 37.23%, while the broader market, represented by the Sensex, has shown a modest gain of 2.20% in the same timeframe. There is also a notable decrease in investor participation, with delivery volume dropping by 54.41% compared to the five-day average, which suggests waning interest in the stock.
In the broader market context, Hardwyn India's recent performance contrasts sharply with the Sensex, which has only declined by 0.92% over the past week and has gained 1.23% over the past year. The aluminium and aluminium products sector, in which Hardwyn operates, has also faced a downturn, falling by 2.05%. This sector-wide decline, combined with Hardwyn's significant underperformance relative to both the sector and the benchmark, indicates a challenging environment for the stock. Overall, the combination of negative momentum, reduced investor interest, and sectoral weakness contributes to the ongoing decline in Hardwyn India's stock price.