Why is Jay Kailash falling/rising?

As of 08-Aug, Jay Kailash Namkeen Ltd is experiencing a decline in its stock price, currently at Rs 53.31, which reflects a decrease of Rs 2.69 or 4.8%. The stock has underperformed its sector by 3.64% today and opened with a significant loss of 5%. It touched an intraday low of Rs 53.2 and has been trading in a narrow range of Rs 0.2. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.07%, and it has seen a substantial drop of 12.59% over the past month, while year-to-date, it is down 15.78%. There is a notable increase in investor participation, with delivery volume rising by 354.55% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, the Sensex has shown a decline of only 0.92% over the past week and a 4.60% drop over the past month, indicating that Jay Kailash's performance is significantly worse than the benchmark. The stock's year-to-date performance is also notably poorer compared to the Sensex, which has gained 2.20%. This stark contrast highlights the challenges faced by Jay Kailash Namkeen Ltd in attracting investor confidence, especially as it continues to trade at lower levels compared to its historical averages. The lack of positive factors in the dashboard further emphasizes the difficulties the company is encountering in the current market environment.