Why is ICE Make Refrig. falling/rising?

As of 10-Nov, ICE Make Refrigeration Ltd is experiencing a decline in its stock price, currently at 678.75, which reflects a decrease of 24.75 or 3.52%. The stock has underperformed its sector by 1.98% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 26% compared to the 5-day average. Over the past week, the stock has decreased by 4.62%, and it has shown a significant decline of 24.42% over the past year, contrasting sharply with the Sensex, which has gained 5.91% during the same period.
In the broader market context, ICE Make Refrigeration's recent performance is notably weaker than the benchmark, as it has underperformed the Sensex by a considerable margin in both the short-term and long-term. While the Sensex has shown a positive return of 1.14% over the past month, ICE Make Refrigeration has declined by 6.84%. This trend indicates a challenging environment for the stock, compounded by its substantial year-to-date loss of 9.22% compared to the Sensex's gain of 8.16%. Overall, the combination of poor stock performance, reduced investor interest, and unfavorable comparisons to the benchmark suggests a negative sentiment surrounding ICE Make Refrigeration Ltd.