Why is K G Denim falling/rising?

As of 09-Oct, K G Denim Ltd's stock price is currently at 18.40, reflecting a decrease of 0.22, or 1.18%. The stock has been underperforming, having lost 5.45% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced significant declines over various periods, including a 26.10% drop year-to-date and a 30.22% decline over the past year. Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 275.41% compared to the 5-day average, indicating some interest in the stock despite its recent poor performance.
In the broader market context, K G Denim's recent performance contrasts sharply with the Sensex, which has gained 1.47% over the past week and 5.16% year-to-date. This underperformance is evident as K G Denim has declined by 4.42% in the last week and 18.94% in the last month, while the benchmark has shown positive returns. The stark difference in performance suggests that while the overall market is experiencing growth, K G Denim is struggling to maintain investor confidence, leading to its recent price decline.