Why is Indo Euro Indch. falling/rising?

As of 28-Oct, Indo Euro Indchem Ltd's stock price is currently at 12.35, reflecting a decrease of 0.1, or 0.8%. The stock has been on a downward trend, having lost value for the last three days with a total decline of 12.91% 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. In terms of performance against benchmarks, the stock has seen a significant decline of 23.72% year-to-date and 28.32% over the past year, while the Sensex has increased by 8.30% and 5.78%, respectively. There is a notable rise in investor participation, with delivery volume increasing by 101.69% compared to the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, Indo Euro Indchem Ltd's short-term performance has been significantly worse than the Sensex, which has gained 0.24% over the past week while the stock itself has dropped by 10.18%. This stark contrast highlights the stock's underperformance relative to the market. The lack of positive factors in the provided data further emphasizes the challenges the company faces, contributing to the ongoing decline in its stock price. Overall, the combination of poor recent returns, trading below key moving averages, and the stock's inability to keep pace with the benchmark indicates a challenging environment for Indo Euro Indchem Ltd.