Why is Katare Spinning falling/rising?

As of 28-Oct, Katare Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 119.00, which reflects a decrease of Rs 7.25 or 5.74%. The stock has been underperforming significantly, with a consecutive fall over the last three days resulting in a total drop of 11.85%. It is also trading close to its 52-week low, just 2.77% above Rs 115.7. The stock has shown high volatility today, with an intraday range of Rs 20.85, and it is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has decreased sharply, with delivery volume falling by 71.4% compared to the five-day average, which may further contribute to the stock's downward pressure.
In the broader market context, the stock's performance over the past week and month has been notably poor, with declines of 9.85% and 9.81%, respectively, while the benchmark Sensex has shown slight gains of 0.24% and 5.22% during the same periods. Year-to-date, Katare Spinning has plummeted by 44.39%, contrasting sharply with the Sensex's increase of 8.30%. This stark underperformance relative to the benchmark suggests a lack of investor confidence and may be indicative of broader issues within the company or sector that are not detailed in the available data.