Why is Nandan Denim falling/rising?

As of 08-Aug, Nandan Denim Ltd's stock price is currently at 3.46, reflecting a decrease of 0.06 or 1.7%. The stock has underperformed its sector by 0.26% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.08%, and it has experienced a significant drop of 11.96% over the past month. Year-to-date, the stock is down 28.81%, contrasting sharply with the Sensex, which has gained 2.20%. While there has been a rise in investor participation, with delivery volume increasing by 1.71% against the 5-day average, there are no available positive or negative factors to provide further context on the stock's recent movement.
In the broader market context, Nandan Denim's short-term performance has been notably weaker than the benchmark, as it has declined by 3.08% over the past week compared to the Sensex's decrease of only 0.92%. This trend of underperformance continues when looking at the longer-term returns, with the stock down 28.81% year-to-date versus the Sensex's positive return. The liquidity of the stock appears adequate for trading, but the overall negative trajectory in both short-term and long-term performance suggests that investor sentiment remains cautious.