Why is KIC Metaliks falling/rising?

As of 06-Nov, KIC Metaliks Ltd is experiencing a decline in its stock price, currently at Rs. 29.30, which reflects a decrease of 0.69 or 2.3%. The stock has hit a new 52-week low of Rs. 28.35 today and has been on a downward trend, having fallen consecutively for the last three days with a total decline of 3.11%. In terms of performance, KIC Metaliks has underperformed its sector by 1.72% today and has shown significant negative returns over various periods, including a year-to-date decline of 29.40% and a one-year decline of 33.48%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, KIC Metaliks' short-term performance has been weaker than the benchmark, with a one-week return of -1.51% compared to the Sensex's -1.30%. This underperformance is indicative of the stock's struggles relative to the overall market. Additionally, while the stock has seen a slight increase in delivery volume, suggesting some rising investor participation, it remains below its moving averages across various time frames, indicating a bearish trend. Overall, these factors contribute to the stock's continued decline amidst a challenging market environment.