Why is N G Industries falling/rising?

As of 09-Oct, N G Industries Ltd is experiencing a decline in its stock price, currently at Rs. 143.50, which represents a decrease of Rs. 1.5 or 1.03%. The stock has hit a new 52-week low of Rs. 140.1 today, reflecting a significant intraday drop of 3.38%. Additionally, the stock has underperformed its sector by 1.6%, and it is trading below all key moving averages, indicating a bearish trend. The delivery volume has also decreased sharply by 55.51% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has fallen by 2.18%, and it has seen a year-to-date decline of 20.28%, contrasting sharply with the Sensex, which has gained 5.16% during the same period.
In the broader market context, while the Sensex has shown positive movement, N G Industries has struggled significantly, with its recent performance lagging behind the benchmark. The stock's 1-month return is down 5.87%, further highlighting its underperformance relative to the market. The stark contrast between the stock's performance and the Sensex indicates a lack of investor confidence, compounded by the falling liquidity and participation in trading. Overall, the combination of hitting a new low, declining trading volumes, and poor returns compared to the benchmark suggests that N G Industries is facing substantial challenges in the current market environment.