Why is Kenvi Jewels falling/rising?

As of 08-Aug, Kenvi Jewels Ltd is experiencing a decline in its stock price, currently at 3.02, which reflects a decrease of 0.05 or 1.63%. The stock has underperformed its sector by 2.8% today and has been on a downward trend, falling consecutively for the last two days with a total return of -3.51% during this period. Additionally, the stock has shown significant underperformance over various time frames, including a year-to-date decline of 26.52% and a one-year drop of 48.46%. The stock is currently trading below its moving averages across all time frames, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 32.43% against the 5-day average, the overall sentiment remains negative.
In the broader market context, Kenvi Jewels' recent performance contrasts sharply with the benchmark, the Sensex, which has shown a modest gain of 2.20% year-to-date. Over the past week, the stock has declined by 3.21%, while the Sensex has only decreased by 0.92%, highlighting a significant underperformance relative to the market. This disparity suggests that investor sentiment towards Kenvi Jewels is weaker compared to the overall market, contributing to its falling stock price. The absence of any positive factors in the provided data further reinforces the challenges the company is facing in the current market environment.