Why is Kanoria Energy falling/rising?

As of 17-Nov, Kanoria Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs. 19.80, which represents a decrease of 0.64 or 3.13%. The stock has recently hit a new 52-week low of Rs. 19.61 and has underperformed its sector by 3%. Additionally, the stock has fallen after two consecutive days of gains and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock's performance over various periods shows significant underperformance, with a year-to-date decline of 41.76% compared to a 8.72% increase in the Sensex. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 34.24% against the 5-day average.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, with a 1-week return of -4.07% compared to the Sensex's gain of 1.69%. This stark contrast highlights the challenges faced by Kanoria Energy amidst a generally positive market environment. The lack of available positive factors further emphasizes the difficulties the company is encountering, which may be contributing to the ongoing decline in its stock price.