Why is Niraj Cement falling/rising?

As of 28-Oct, Niraj Cement Structurals Ltd is experiencing a decline in its stock price, currently at 32.62, reflecting a decrease of 0.67 or 2.01%. The stock has underperformed its sector by 2.62% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 72.16% compared to the 5-day average. Over the past week, the stock has decreased by 7.62%, and its performance over the last month shows a substantial decline of 27.93%. Year-to-date, the stock has plummeted by 54.60%, indicating a persistent downward trend without any available positive factors to counterbalance this decline.
In the broader market context, the Sensex has shown a slight increase of 0.24% over the past week, contrasting sharply with Niraj Cement's negative performance. While the benchmark has gained 5.22% over the past month, Niraj Cement's significant drop highlights a stark underperformance relative to the market. This divergence suggests that investor sentiment towards Niraj Cement is weak, particularly in light of its substantial year-to-date loss compared to the Sensex's gain of 8.30%. The lack of positive factors further exacerbates the stock's challenges, contributing to its ongoing decline.