Why is Owais Metal falling/rising?

As of 08-Aug, Owais Metal and Mineral Processing Ltd is experiencing a decline in its stock price, currently at Rs. 437.85, which reflects a decrease of Rs. 30.0 or 6.41%. The stock has hit a new 52-week low of Rs. 421 today and has underperformed its sector by 5.66%. Over the past week, the stock has dropped by 12.04%, and it has seen a significant decline of 57.14% year-to-date. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decrease in investor participation, with delivery volume falling by 51.78% compared to the 5-day average, suggesting reduced interest from investors.
In the broader market context, Owais Metal's performance has been significantly worse than the benchmark Sensex, which has only declined by 0.82% over the past week. The stark contrast in year-to-date returns, with Owais Metal down 57.14% compared to the Sensex's increase of 3.04%, further highlights the stock's underperformance. This trend is compounded by the lack of positive factors reported, indicating that there are no recent developments to support a recovery in the stock price. Overall, the combination of poor performance metrics, declining investor interest, and the absence of positive news contributes to the ongoing downward pressure on Owais Metal's stock.