Why is NB Footwear falling/rising?

As of 07-Oct, NB Footwear Ltd. is experiencing a decline in its stock price, currently at Rs. 8.08, which reflects a decrease of Rs. 0.42 or 4.94%. The stock has hit a new 52-week low today and has underperformed its sector by 4.07%. Over the last three days, the stock has consistently fallen, resulting in a total decline of 12.46%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. While there has been a significant increase in delivery volume, up by 372.69% compared to the 5-day average, the overall performance remains weak, with year-to-date returns down by 50.25%.
In the broader market context, the Sensex has shown a positive return of 2.07% over the past week, contrasting sharply with NB Footwear's decline of 8.39% during the same period. This disparity highlights the stock's underperformance relative to the benchmark. Furthermore, while the stock has seen a substantial increase in investor participation, the overall negative sentiment and consecutive price drops suggest that investors may be reacting to underlying issues specific to the company rather than broader market trends.