Why is Niraj Cement falling/rising?

As of 03-Nov, Niraj Cement Structurals Ltd is experiencing a decline in its stock price, currently at Rs 29.00, which reflects a decrease of Rs 2.83 or 8.89%. The stock has been underperforming significantly, having fallen consecutively for the last three days, resulting in a total decline of 11.02% during this period. Additionally, it is trading close to its 52-week low, just 1.62% above Rs 28.53. The stock's performance over the past week shows a substantial drop of 12.89%, and it has seen a staggering decline of 59.64% year-to-date, indicating persistent weakness in its price movement. The stock is also trading below all major moving averages, which further highlights its bearish trend.
In the broader market context, the Sensex has only decreased by 0.94% over the past week, contrasting sharply with Niraj Cement's performance. This indicates that the stock is not only underperforming against the market but also against its sector, with a notable underperformance of 8.96% today. The rising investor participation, evidenced by a 53% increase in delivery volume, suggests some interest in the stock, but it has not translated into price stability or growth. The high volatility of 10.48% today further complicates the outlook, as it reflects uncertainty among investors regarding the stock's future performance.