Why is Loyal Textile falling/rising?

As of 04-Nov, Loyal Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 231.92, which reflects a decrease of Rs 10.3 or 4.25%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 8.8% during this period. Additionally, the stock's performance over the past week shows a decrease of 5.57%, and it has significantly underperformed the benchmark Sensex, which has increased by 2.83% over the same timeframe. The stock is also trading below all its moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume plummeting by 88.21% compared to the five-day average, suggesting a lack of confidence among investors.
Broader Market Context: In the context of the broader market, Loyal Textile's performance has been particularly poor, with a year-to-date decline of 29.21%, while the Sensex has gained 8.26% during the same period. This stark contrast highlights the stock's struggles relative to the overall market. The high volatility observed today, with an intraday volatility of 5.06%, further emphasizes the uncertainty surrounding the stock. Overall, the combination of declining stock performance, reduced trading volume, and negative sentiment among investors contributes to the ongoing downward trend of Loyal Textile Mills Ltd.