Why is High Energy Bat. falling/rising?

As of 28-Oct, High Energy Batteries (India) Ltd is experiencing a decline in its stock price, currently at Rs 586.20, which reflects a decrease of Rs 19.0 or 3.14%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.17% 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. Despite a significant increase in delivery volume, which rose by 268.67% against the 5-day average, the overall performance today shows that it underperformed its sector by 3.47%. The stock's year-to-date return is down 4.22%, contrasting with a positive return of 8.30% for the benchmark index, Sensex.
In the broader market context, the stock's short-term performance has been notably weaker compared to the Sensex, which has gained 0.24% over the past week while High Energy Batteries has dropped 8.09%. This stark contrast highlights the stock's struggles relative to the market. The company's recent price movement and underperformance against the benchmark suggest a lack of investor confidence, compounded by the negative momentum reflected in its recent price trends. Overall, the combination of declining prices, poor short-term returns, and underperformance against the sector and benchmark indicates a challenging environment for High Energy Batteries (India) Ltd.