Why is Kanco Tea falling/rising?

As of 07-Aug, Kanco Tea & Industries Ltd is experiencing a decline in its stock price, currently at Rs 62.70, reflecting a decrease of Rs 0.2 or 0.32%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.79% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 1.75% away from Rs 61.6. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 66.56% compared to the 5-day average, which suggests a lack of interest among investors.
In the broader market context, Kanco Tea's performance over the past week shows a decline of 2.14%, which is worse than the benchmark Sensex, which fell only 0.69% during the same period. Over the past month, Kanco Tea has seen a substantial decline of 14.53%, compared to a 3.38% drop in the Sensex. Year-to-date, Kanco Tea is down 29.55%, while the Sensex has gained 3.18%. This stark contrast highlights the stock's significant underperformance relative to the broader market, contributing to the negative sentiment surrounding Kanco Tea & Industries Ltd.