Why is Minaxi Textiles falling/rising?

As of 06-Nov, Minaxi Textiles Ltd is experiencing a decline in its stock price, currently at Rs. 1.43, which represents a decrease of 0.35 or 19.66%. The stock has hit a new 52-week low today and has underperformed its sector by 18.41%. This decline follows a trend reversal after two consecutive days of gains, and the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance against benchmarks, the stock has seen a significant drop of 36.44% year-to-date, while the Sensex has increased by 6.62% in the same period. Notably, there has been a rise in investor participation, with delivery volume increasing by 13.04% against the 5-day average, indicating some interest despite the overall negative trend.
Broader Market Context: In the short term, Minaxi Textiles has underperformed the Sensex, with a 1-week return of -18.75% compared to the benchmark's decline of only 1.30%. This stark contrast highlights the stock's struggles relative to the broader market. While the Sensex has shown resilience with positive returns over the past month and year, Minaxi Textiles continues to face significant challenges, reflected in its substantial year-to-date and yearly declines. The lack of positive factors in the dashboard further emphasizes the difficulties the company is encountering in the current market environment.