Why is Nitin Spinners falling/rising?

As of 06-Aug, Nitin Spinners Ltd is experiencing a decline in its stock price, currently at 349.05, reflecting a decrease of 0.65 or 0.19%. The stock has been underperforming recently, having fallen consecutively for the last six days, resulting in a total drop of 8.63% 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 trend. In terms of returns, the stock has seen a significant decline of 22.35% year-to-date and 19.91% over the past year, contrasting sharply with the Sensex, which has gained 3.08% and 2.48% respectively. While the textile sector has also faced a downturn of 2.07%, the stock has outperformed its sector by 1.88% today, and there has been a notable increase in investor participation, with delivery volume rising by 113.42% compared to the 5-day average.
In the broader market context, Nitin Spinners' short-term performance has been significantly worse than the benchmark, as it has declined by 7.17% over the past week compared to the Sensex's modest drop of 1.15%. This stark contrast highlights the stock's struggles relative to the overall market. Despite the recent increase in trading volume indicating some investor interest, the overall sentiment appears negative, driven by the stock's ongoing decline and the broader challenges facing the textile sector. The absence of positive factors in the dashboard further emphasizes the lack of supportive news or developments that could reverse the current downward trend.