Why is Raghuvir Synth falling/rising?

As of 25-Sep, Raghuvir Synthetics Ltd is experiencing a decline in its stock price, currently at Rs 122.15, down by 1.0 (-0.81%). The stock opened lower today, with a loss of 2.56%, and reached an intraday low of Rs 120. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 79.4% compared to the 5-day average. Over the past week, the stock has decreased by 2.98%, while its year-to-date performance shows a substantial decline of 24.32%.
In the broader market context, the Sensex has also seen a decline, but at a lesser rate of 2.23% over the past week. While Raghuvir Synthetics has underperformed the benchmark in the short term, it has outperformed its sector by 0.32% today. However, the stock's year-to-date performance starkly contrasts with the Sensex's positive return of 3.87%, highlighting the challenges faced by Raghuvir Synthetics in the current market environment. Overall, the combination of poor investor participation, negative price movements, and underperformance relative to the benchmark suggests a challenging outlook for the stock.