Why is Nocil falling/rising?

As of 08-Aug, Nocil Ltd. is experiencing a slight decline in its stock price, currently at 174.15, which reflects a decrease of 0.05 or 0.03%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 6.35% during this period. Additionally, Nocil's performance over the past week shows a decrease of 3.36%, and it has significantly underperformed the benchmark Sensex, which has only declined by 0.92%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 72.59% compared to the 5-day average, suggesting some interest despite the overall negative movement.
In the broader market context, Nocil's year-to-date performance shows a substantial decline of 28.54%, contrasting sharply with the Sensex, which has gained 2.20% during the same period. This underperformance is further highlighted by the stock's one-year return of -38.98% compared to the Sensex's modest gain of 1.23%. The liquidity of Nocil appears adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.11 crore. Overall, while there is some positive movement in terms of increased investor participation, the stock's persistent decline and significant underperformance against the benchmark indicate ongoing challenges for Nocil Ltd.