Why is Kanoria Energy falling/rising?

As of 10-Oct, Kanoria Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 21.00, which reflects a decrease of Rs 0.41 or 1.91%. The stock has underperformed significantly, with a 1-week return of -4.98% and a 1-month return of -7.69%. Additionally, it is trading lower than all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The stock is also close to its 52-week low, just 1.9% away from Rs 20.6. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 68.25% compared to the 5-day average, suggesting reduced interest from investors.
In the broader market context, the Sensex has shown a positive return of 1.59% over the past week, contrasting sharply with Kanoria Energy's negative performance. This divergence highlights the stock's struggle against the overall market trend. Year-to-date, Kanoria Energy has seen a substantial decline of 38.24%, while the Sensex has gained 5.58%. The lack of available positive factors further exacerbates the stock's challenges, as there are no supportive elements noted that could help reverse its downward trajectory.