Why is Indian Link Ch. falling/rising?

As of 29-Oct, Indian Link Chain Manufacturers Ltd is experiencing a decline in its stock price, currently at Rs 1,735.60, which reflects a decrease of Rs 35.4 or 2.0%. The stock has been underperforming, having lost 14.89% over the last eight days, and opened today with a loss of 2%. It has consistently traded at this price level without significant fluctuations throughout the day. In terms of performance against benchmarks, the stock has seen a 9.60% decline over the past week and a 1.89% decline over the past month, while the Sensex has gained 0.68% and 5.76%, respectively. Additionally, the stock is currently trading higher than its 50-day, 100-day, and 200-day moving averages but lower than its 5-day and 20-day moving averages. There has been a notable increase in investor participation, with delivery volume rising by 54.16% against the 5-day average, indicating some interest despite the price drop.
Broader Market Context: In the broader market, the Sensex has shown resilience with positive returns over the past week and month, contrasting sharply with the stock's negative performance. This divergence suggests that the stock's recent struggles may be more company-specific rather than reflective of overall market trends. The stock's significant underperformance compared to the benchmark indicates a lack of investor confidence, which may be contributing to its downward trajectory.