Why is NCL Res. & Finl. falling/rising?

As of 07-Nov, NCL Research and Financial Services Ltd is currently priced at Rs. 0.54, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 0.52 and has underperformed its sector by 1.52%. Over the past week, the stock has declined by 3.57%, and it has experienced a significant drop of 32.50% year-to-date. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 46.37% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, the Sensex has shown a slight decline of 0.86% over the past week, which is less severe compared to NCL's 3.57% drop, indicating that the stock is underperforming relative to the market. Over the last month, while the Sensex has gained 1.57%, NCL has seen a decline of 10.00%, further highlighting its struggles. The stock's long-term performance is also concerning, with a 34.94% decrease over the past year compared to a modest 4.62% increase in the Sensex. Overall, the combination of hitting a new low, underperformance against benchmarks, and trading below key moving averages contributes to the stock's recent downward movement.