Why is Nahar Spinning falling/rising?

As of 05-Aug, Nahar Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 228.20, which reflects a decrease of Rs 3.8 or 1.64%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 13.84% during this period. Additionally, it is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The stock's performance over the past week shows a decline of 11.36%, and over the past month, it has dropped by 19.65%. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 28.92% compared to the 5-day average, which suggests waning interest among investors.
In the broader market context, while the Sensex has only declined by 0.77% over the past week, Nahar Spinning's performance has been significantly worse, indicating that the stock is not only underperforming its sector but also the overall market. Year-to-date, Nahar Spinning has seen a decline of 14.95%, contrasting sharply with the Sensex's gain of 3.29%. This stark difference highlights the challenges faced by Nahar Spinning in attracting investor confidence, especially given its substantial year-over-year decline of 29.84%, while the benchmark has managed a modest increase of 2.48%. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to the benchmark suggests that Nahar Spinning is facing significant headwinds in the current market environment.