Why is Nandan Denim falling/rising?

As of 07-Oct, Nandan Denim Ltd's stock price is currently at 3.24, reflecting a decrease of 0.04, or 1.22%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.14% during this period. Additionally, it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock's performance over the past week shows a decline of 3.28%, and it has experienced a significant drop of 33.33% year-to-date, indicating ongoing challenges. Although there has been a rise in investor participation, with delivery volume increasing by 49.68% against the 5-day average, the overall sentiment appears negative, as there are no positive factors reported to counterbalance the stock's recent downward trend.
In the broader market context, Nandan Denim's short-term performance contrasts sharply with the benchmark Sensex, which has gained 2.07% over the past week. This underperformance is further highlighted by the stock's year-to-date decline of 33.33% compared to the Sensex's increase of 4.85%. The stark difference in returns suggests that while the broader market is experiencing growth, Nandan Denim is struggling to maintain investor confidence, leading to its current price decline.