Why is NB Footwear falling/rising?

As of 15-Oct, NB Footwear Ltd. is experiencing a decline in its stock price, currently at Rs 7.82, which reflects a decrease of Rs 0.41 or 4.98%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.79% away from Rs 7.68. The performance over the past month shows a significant drop of 28.19%, while year-to-date returns are down by 51.85%. Furthermore, there has been a notable decline in investor participation, with delivery volume falling by 93.76% compared to the 5-day average, suggesting a lack of interest from investors.
In the broader market context, the stock's short-term performance has underperformed the benchmark, with a 1-week return of +0.90% compared to the Sensex's +1.02%. Over the longer term, the stock has also lagged significantly, with a 1-year return of -58.02% against the Sensex's +0.96%. This underperformance, combined with the falling investor participation and the stock's proximity to its 52-week low, contributes to the negative sentiment surrounding NB Footwear Ltd.