Why is Kanchi Karpooram falling/rising?

As of 14-Nov, Kanchi Karpooram Ltd's stock price is currently at Rs 368.20, reflecting a decline of Rs 18.55 or 4.8%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 7.14% during this period. It opened the day with a significant loss of 7.69% and reached an intraday low of Rs 357, which is only 4.4% above its 52-week low of Rs 352. Additionally, the stock has shown poor performance over various time frames, with year-to-date returns down by 31.18% and a staggering 43.87% decline over the past year. The stock is also trading below all its moving averages, indicating a bearish trend. While there has been a slight increase in delivery volume, this does not seem to be enough to counteract the negative price movement.
In the broader market context, Kanchi Karpooram's recent performance contrasts sharply with the Sensex, which has gained 1.62% over the past week and 3.09% over the last month. The stock's significant underperformance relative to the benchmark highlights its struggles in the current market environment. The negative sentiment surrounding the stock is compounded by its inability to recover from recent losses, further exacerbated by the broader market's positive trajectory. Overall, the combination of poor stock performance, negative returns compared to the benchmark, and bearish technical indicators contribute to the ongoing decline in Kanchi Karpooram's stock price.