Why is Kenrik Indust. falling/rising?

As of 26-Jun, Kenrik Industries Ltd is experiencing a decline in its stock price, currently at Rs. 14.65, which represents a decrease of Rs. 2.33 or 13.72%. The stock has been underperforming significantly, with a notable drop of 18.61% over the past week and 30.24% over the past month. Today, the stock hit a new 52-week low of Rs. 14 and has been on a consecutive downward trend for four days. Although it opened with a slight gain of 2% and reached an intraday high of Rs. 17.32, it ultimately fell to a low of Rs. 14, indicating high volatility with an intraday fluctuation of 10.6%. The stock is trading below all key moving averages, which suggests a bearish trend, and despite a rise in delivery volume, the overall sentiment remains negative.
In the broader market context, the Sensex has shown resilience with a 2.94% increase over the past week and a 1.92% rise over the past month, contrasting sharply with Kenrik Industries' performance. This stark difference highlights the stock's underperformance relative to the benchmark. The company's liquidity appears adequate for trading, but the significant drop in its stock price amidst rising investor participation indicates a lack of confidence among investors. Overall, the combination of poor stock performance, high volatility, and a bearish trend in moving averages contributes to the ongoing decline in Kenrik Industries Ltd's stock price.