Why is K G Denim falling/rising?

As of 12-Sep, K G Denim Ltd's stock price is currently at 21.11, reflecting a decrease of 0.48, or 2.22%. The stock has underperformed its sector today by 1.64%, and while it is trading higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 51.65% compared to the 5-day average. In terms of returns, the stock has shown a year-to-date decline of 15.22% and a one-year decline of 19.37%, indicating a longer-term negative trend, although it did see a positive return of 10.87% over the past month.
In the broader market context, the Sensex has increased by 1.48% over the past week and 2.08% over the past month, contrasting with K G Denim's relatively stagnant performance. The stock's year-to-date performance is significantly lagging behind the benchmark, which has gained 4.82% in the same period. This underperformance, coupled with falling investor participation and the stock's inability to maintain momentum against its moving averages, suggests a challenging environment for K G Denim Ltd amidst a generally positive market backdrop.