Why is Kakatiya Textile falling/rising?

As of 13-Oct, Kakatiya Textiles Ltd is experiencing a decline in its stock price, currently at Rs 16.02, which reflects a decrease of Rs 1.17 or 6.81%. The stock has underperformed its sector by 6.43% today and has fallen after two consecutive days of gains. It opened with a loss of 6.22% and reached an intraday low of Rs 16.01, indicating significant downward pressure. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, while there has been a notable increase in delivery volume, rising by 402.37% against the 5-day average, the overall performance over various periods shows substantial declines, with a year-to-date drop of 29.64% and a 3-year decline of 70.08%.
In the broader market context, Kakatiya Textiles' recent performance contrasts sharply with the benchmark Sensex, which has shown positive returns of 0.66% over the past week and 5.36% year-to-date. This stark difference highlights the stock's struggles relative to the overall market, as it has consistently underperformed against the benchmark across multiple time frames. The ongoing liquidity in the stock, based on its trading volume, suggests that while there is some investor interest, the overall sentiment remains negative, contributing to the stock's decline.