Why is NB Footwear falling/rising?

As of 12-Nov, NB Footwear Ltd. is experiencing a decline in its stock price, currently at 8.06, which reflects a decrease of 0.42 or 4.95%. The stock has underperformed its sector by 3.26% today and has been on a downward trend for the last two days, accumulating a total loss of 9.64% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past week, the stock has decreased by 5.95%, and year-to-date, it has plummeted by 50.37%, while the stock's performance over the past year shows a similar decline of 50.82%. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, the Sensex has shown resilience, gaining 1.21% over the past week and 8.10% year-to-date, contrasting sharply with NB Footwear's significant losses. This divergence highlights the stock's underperformance relative to the benchmark, suggesting that investor sentiment towards NB Footwear is weak compared to the overall market. The rising investor participation, indicated by a 76.47% increase in delivery volume, may suggest some interest, but it has not been sufficient to counteract the prevailing negative trends in the stock's price movement.