Why is K G Denim falling/rising?

As of 28-Oct, K G Denim Ltd's stock price is currently at 17.24, reflecting a decrease of 0.58, or 3.25%. The stock has been experiencing a consecutive decline for the last four days, resulting in a total drop of 4.65% over the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 3.63% compared to the 5-day average, suggesting a decline in investor participation. The stock has underperformed its sector by 3.55%, and its year-to-date return stands at a significant loss of 30.76%.
In the broader market context, K G Denim's performance has lagged behind the Sensex, which has gained 8.30% year-to-date. Over the past month, K G Denim has dropped 10.81%, while the Sensex has risen by 5.22%. This stark contrast highlights the stock's underperformance relative to the market. The negative sentiment surrounding K G Denim, coupled with its declining returns and reduced trading activity, contributes to the ongoing downward pressure on its stock price.