Why is Newmalayalam St. falling/rising?

As of 15-Oct, Newmalayalam Steel Ltd's stock price is currently at 30.75, reflecting a decrease of 2.55, or 7.66%. The stock has underperformed its sector today by 8.7%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past month, the stock has seen a significant decline of 14.58%, while year-to-date, it has dropped a staggering 60.17%. Despite this, there has been a rise in investor participation, with delivery volume increasing by 8.7% against the 5-day average, suggesting some interest in the stock despite its overall negative performance. There are no specific positive or negative factors provided that could further explain the stock's recent movement.
In the broader market context, Newmalayalam Steel Ltd's short-term performance over the past week shows a slight gain of 1.15%, which is marginally better than the Sensex's increase of 1.11%. However, the stark contrast in year-to-date performance, where the stock has plummeted by 60.17% compared to the Sensex's gain of 7.10%, highlights the significant challenges the company is facing relative to the overall market. This disparity suggests that while the broader market may be stable or growing, Newmalayalam Steel Ltd is struggling to maintain investor confidence, leading to its declining stock price.