Why is New Light Appare falling/rising?

As of 07-Aug, New Light Apparels Ltd is experiencing a decline in its stock price, currently at 1.73, which reflects a decrease of 0.04 or 2.26%. The stock has underperformed its sector by 0.91% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.49% 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 trend. Over the past week, the stock has fallen by 13.07%, and over the past year, it has plummeted by 61.91%, while the benchmark Sensex has only increased by 1.45% in the same timeframe. There is a slight positive note with rising investor participation, as the delivery volume increased by 4.3% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, the stock's short-term performance has significantly lagged behind the Sensex, which has only seen a minor decline of 0.69% over the past week. This stark contrast highlights the challenges New Light Apparels Ltd is facing compared to the overall market. The liquidity of the stock appears sufficient for trading, as it is based on 2% of the 5-day average traded value, but the lack of any positive factors in the dashboard suggests that there are no immediate catalysts to reverse the current downward trend. Overall, the combination of poor stock performance relative to benchmarks and the absence of positive developments contributes to the ongoing decline in New Light Apparels Ltd's stock price.