Why is Nilkamal Ltd falling/rising?

As of 06-Aug, Nilkamal Ltd's stock price is currently at 1,590.00, reflecting a decrease of 17.35, or 1.08%. The stock has been experiencing a downward trend, having lost value for the last two days with a total decline of 2.36% 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. The delivery volume has also seen a significant drop of 61.27% compared to the 5-day average, suggesting a decrease in investor participation. The stock's performance over various periods shows a decline of 5.86% over the past week and 7.77% over the past month, while it has fallen 17.19% year-to-date and 13.77% over the past year, contrasting sharply with the Sensex, which has shown positive returns in these time frames.
In the broader market context, Nilkamal Ltd's recent performance has been notably weaker than the benchmark Sensex, which has only declined by 1.15% over the past week and has gained 3.08% year-to-date. This underperformance highlights the challenges the company is facing compared to the overall market. The significant drop in delivery volume and the stock's consistent trading below key moving averages suggest a lack of confidence among investors, contributing to its declining price. Overall, the combination of poor short-term returns and reduced investor interest is driving Nilkamal Ltd's stock price lower.