Why is Kachchh Minerals falling/rising?

As of 31-October, Kachchh Minerals Ltd is experiencing a decline in its stock price, currently at Rs 30.88, reflecting a decrease of -1.62 or -4.98%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of -25.55% during this period. Additionally, the stock opened with a loss of -2% today and reached an intraday low of Rs 30.88. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by -21.1% compared to the 5-day average, suggesting waning interest among investors.
In the broader market context, Kachchh Minerals has underperformed relative to the Sensex, which has only declined by -0.32% over the past week while Kachchh Minerals has dropped by -22.31%. Over the past month, Kachchh Minerals has seen a substantial decline of -31.83%, contrasting with the Sensex's increase of +3.65%. Year-to-date, Kachchh Minerals has a modest gain of +6.23%, but this is still below the Sensex's +7.42%. The lack of available positive or negative factors further complicates the outlook, as there are no specific catalysts mentioned that could influence the stock's recent performance.