Why is Hariyana Ship falling/rising?

As of 23-Sep, Hariyana Ship Breakers Ltd is experiencing a decline in its stock price, currently at Rs 118.85, which reflects a decrease of Rs 7.55 or 5.97%. Today's price summary indicates that the stock underperformed its sector by 4.39%, with an intraday low of Rs 117.5, marking a drop of 7.04%. Despite a notable increase in delivery volume by 203.14% against the 5-day average, the stock remains lower than the 100-day moving average, suggesting a lack of sustained upward momentum. Over the past year, the stock has seen a significant decline of 15.77%, contrasting with a positive return of 6.21% over the last month, indicating some short-term recovery but overall poor performance year-to-date.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, while Hariyana Ship has outperformed this benchmark with a gain of 4.07%. However, the stock's year-to-date performance is notably worse than the Sensex, which has increased by 5.07%. This disparity highlights the challenges faced by Hariyana Ship in maintaining investor confidence, despite some positive short-term trends. The liquidity of the stock remains adequate for trading, but the overall negative sentiment reflected in its recent price movements suggests that investors may be cautious amid broader market conditions.