Why is Kanco Tea falling/rising?

As of 24-Oct, Kanco Tea & Industries Ltd is experiencing a decline in its stock price, currently at Rs. 61.00, which reflects a decrease of Rs. 1.4 or 2.24%. The stock has hit a new 52-week low of Rs. 58.6 today, indicating significant downward pressure. It has underperformed its sector by 1.65% and has seen a substantial drop in delivery volume, falling by 80.65% against the 5-day average. Additionally, Kanco Tea is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, the stock has decreased by 1.77%, and it has shown a year-to-date decline of 31.46%, significantly underperforming the benchmark Sensex, which has gained 7.77% during the same period.
In the broader market context, Kanco Tea's recent performance contrasts sharply with the Sensex, which has shown positive returns across various time frames, including a 3-year gain of 40.75%. This stark difference indicates that while the overall market is experiencing growth, Kanco Tea is struggling to maintain investor interest and confidence. The falling investor participation and the stock's liquidity, which is deemed sufficient for trading, further highlight the challenges it faces in attracting buyers amidst a generally favorable market environment.