Why is Harish Textile falling/rising?

As of 05-Aug, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 58.00, which reflects a decrease of Rs 2.5 or 4.13%. The stock has underperformed its sector by 5.41% today and has been on a downward trend for the last two days, accumulating a total loss of 4.29% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has significantly decreased, falling by 88.76% compared to the 5-day average, suggesting a lack of investor interest. Year-to-date, the stock has dropped by 30.79%, contrasting with the Sensex's gain of 3.29%, further highlighting its struggles.
In the broader market context, Harish Textile's short-term performance over the past week shows a slight gain of 0.36%, while the Sensex has declined by 0.77%. However, over the past month, the stock has underperformed the benchmark, with a loss of 6.90% compared to the Sensex's decline of 3.26%. This underperformance is indicative of broader challenges faced by the company, as it has not only struggled in the short term but also has a negative year-to-date return compared to the overall market. The combination of falling investor participation and consistent price declines suggests a lack of confidence in the stock's future performance.