Why is Nahar Capital falling/rising?

As of 11-Nov, Nahar Capital & Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 274.00, which represents a decrease of Rs 7.45 or 2.65%. The stock has underperformed its sector by 0.67% today and has been on a downward trend for the last two days, accumulating a total loss of 3.81% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 8.26% compared to the 5-day average, suggesting a decline in investor participation. Over the past year, the stock has seen a significant drop of 16.72%, contrasting sharply with the Sensex's gain of 5.50% during the same period.
In the broader market context, Nahar Capital's recent performance has been notably weaker than the benchmark index, as it has recorded a 1-week return of -5.66% compared to the Sensex's positive return of 0.49%. This underperformance highlights a lack of investor confidence in the stock relative to the overall market. The stock's year-to-date decline of 12.72% further emphasizes its struggles, especially against the backdrop of the Sensex's 7.34% gain. The combination of falling investor participation, consistent price declines, and poor relative performance against the benchmark suggests that Nahar Capital is facing significant challenges in the current market environment.