Why is Nivaka Fashions falling/rising?

As of 05-Aug, Nivaka Fashions Ltd's stock price is currently at 3.90, reflecting a decrease of 0.05 or 1.27%. The stock has been underperforming, having lost 6.25% over the last four days, and it has consistently fallen for the past four days. Additionally, the stock's performance today has underperformed its sector by 2.18%. In terms of returns, the stock has shown a decline of 5.11% over the past week, although it has gained 8.33% over the past month. The delivery volume has also significantly decreased, falling by 68.75% compared to the 5-day average, indicating a drop in investor participation.
Broader market context shows that while Nivaka Fashions has had a positive year-to-date return of 4.84%, it has underperformed the Sensex, which has risen by 3.29% in the same period. In the short term, the stock's performance over the last week is notably worse than the benchmark, which has only declined by 0.77%. This suggests that the recent price drop may be influenced by company-specific issues rather than broader market trends, as the Sensex has not experienced significant losses. Overall, the combination of declining investor interest and recent performance trends has contributed to the stock's current downward movement.