Why is Nitin Castings falling/rising?

As of 19-Nov, Nitin Castings Ltd is experiencing a decline in its stock price, currently at Rs 488.15, which represents a decrease of Rs 14.6 or 2.9%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.26% during this period. Today's trading saw the stock reach a high of Rs 514.9 and a low of Rs 485.7, with more volume traded closer to the low price. Additionally, Nitin Castings is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The delivery volume has also significantly decreased by 49.28% compared to the 5-day average, suggesting a drop in investor participation.
In the broader market context, Nitin Castings' performance over the past week shows a decline of 4.51%, while the benchmark Sensex has increased by 0.85%. Over the past month, the stock has decreased by 1.51%, contrasting with a 1.47% gain in the Sensex. Year-to-date, Nitin Castings has seen a substantial drop of 29.76%, while the Sensex has risen by 9.02%. This stark difference highlights the stock's underperformance relative to the broader market, contributing to the negative sentiment surrounding it.