Why is Indag Rubber falling/rising?

As of 07-Nov, Indag Rubber Ltd is experiencing a decline in its stock price, currently at Rs 121.00, which represents a decrease of Rs 4.25 or 3.39%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.43%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.96% away from Rs 115. The performance over the past week shows a decline of 4.08%, while year-to-date returns are down by 31.39%, significantly underperforming the benchmark Sensex, which has gained 6.50% during the same period.
In the broader market context, the stock's recent performance contrasts sharply with the rubber products sector, which has seen a gain of 2.99%. While there has been a slight increase in investor participation, with a 0.43% rise in delivery volume against the 5-day average, it has not been sufficient to counteract the stock's downward trajectory. Over the past month, Indag Rubber has also underperformed the benchmark, with a return of -0.78% compared to the Sensex's 1.57% gain. This combination of factors suggests that the stock is facing significant challenges in the current market environment, contributing to its recent price decline.