Why is Kenvi Jewels falling/rising?

As of 28-Oct, Kenvi Jewels Ltd is experiencing a decline in its stock price, currently at Rs. 2.89, reflecting a decrease of Rs. 0.14 or 4.62%. The stock has hit a new 52-week low of Rs. 2.53 today and has underperformed its sector by 4.11%. Over the past week, the stock has decreased by 6.77%, and year-to-date, it has fallen by 29.68%. Additionally, Kenvi Jewels is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite this, there has been a rise in investor participation, with a delivery volume increase of 14.56% compared to the 5-day average, suggesting some interest from investors even amidst the decline.
In the broader market context, the Sensex has shown a positive return of 0.24% over the past week, contrasting sharply with Kenvi Jewels' performance. The stock's significant underperformance relative to the benchmark is evident, as it has not only declined in the short term but also over longer periods, with a 40.41% drop over the past year compared to the Sensex's 5.78% increase. This stark difference highlights the challenges faced by Kenvi Jewels in attracting investor confidence, particularly in a market that is generally trending upwards.