Why is Kanco Tea falling/rising?

As of 06-Aug, Kanco Tea & Industries Ltd is experiencing a decline in its stock price, currently at Rs 62.90, which reflects a decrease of Rs 1.89 or 2.92%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 5.48%. It is also trading close to its 52-week low, just 2.07% above Rs 61.6. The stock's performance over the past week shows a decrease of 3.23%, and it has significantly underperformed the benchmark Sensex, which has only declined by 1.15%. Additionally, Kanco Tea's returns over the past month and year-to-date are notably negative, with declines of 13.84% and 29.33%, respectively. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a significant drop in investor participation, with delivery volume falling by 85.56% compared to the five-day average.
In the broader market context, Kanco Tea's short-term performance is considerably worse than that of the Sensex, which has shown resilience with a year-to-date increase of 3.08%. While the overall market has been relatively stable, Kanco Tea's continued decline suggests specific challenges faced by the company that are not reflected in the broader market trends. The liquidity of the stock remains adequate for trading, but the lack of positive factors and the significant drop in trading volume indicate a lack of investor confidence, contributing to the stock's downward trajectory.