Why is Kenrik Indust. falling/rising?

As of 25-Jun, Kenrik Industries Ltd is experiencing a decline in its stock price, currently at Rs. 16.98, reflecting a decrease of 0.02 or 0.12%. The stock has been underperforming significantly, with a consecutive fall over the last three days, resulting in a total decline of 5.67% in the past week. Additionally, it has hit a new 52-week low of Rs. 16.5 today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 59.46% compared to the 5-day average, which suggests reduced interest in the stock.
In the broader market context, Kenrik Industries' performance contrasts sharply with the benchmark Sensex, which has gained 1.61% over the past week. The diamond and gold jewelry sector, in which Kenrik operates, has seen a positive movement of 3.4%, further highlighting the company's struggles. The stock's significant decline over the past month, at 30.07%, underscores its challenges in attracting investor confidence, especially as the market overall has shown resilience with a 1.27% increase during the same period.