Why is Kanani Industrie falling/rising?

As of 24-Sep, Kanani Industries Ltd is experiencing a decline in its stock price, currently at 1.96, which reflects a decrease of 0.01 or 0.51%. The stock has fallen after two consecutive days of gains, indicating a trend reversal. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish sentiment among investors. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 50.43% compared to the 5-day average. Over the past year, the stock has decreased by 31.47%, contrasting sharply with the Sensex, which has only declined by 3.77% during the same period.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.51%, which is better than the Sensex's drop of 1.18%. However, the year-to-date performance reveals a stark contrast, with Kanani Industries down 27.41% while the Sensex has gained 4.58%. This underperformance highlights the challenges faced by the company relative to the overall market. The lack of available positive factors further emphasizes the difficulties Kanani Industries is encountering, contributing to the negative sentiment surrounding its stock price.