Why is Indo Euro Indch. falling/rising?

As of 07-Nov, Indo Euro Indchem Ltd is experiencing a decline in its stock price, currently at 11.83, which reflects a decrease of 0.05 or 0.42%. The stock has been on a downward trend, having lost 6.11% over the last three days, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance relative to the market, the stock has shown a significant decline of 26.93% year-to-date and 29.79% over the past year, contrasting sharply with the Sensex, which has gained 6.50% and 4.62% respectively during the same periods. Although there has been a notable increase in investor participation, with delivery volume rising by 122.78% against the 5-day average, the overall sentiment appears negative.
Broader Market Context: In the short term, Indo Euro Indchem Ltd's performance has been considerably worse than the benchmark Sensex, which has only declined by 0.86% over the past week compared to the stock's 5.28% drop. This underperformance highlights a lack of investor confidence in the stock relative to the broader market. The liquidity of the stock remains adequate for trading, but the consistent decline in price and the negative returns over various periods suggest that investors are cautious, potentially due to broader economic factors or company-specific challenges that have not been detailed in the available data.