Why is Raghuvir Synth falling/rising?

As of 17-Nov, Raghuvir Synthetics Ltd is experiencing a decline in its stock price, currently at Rs. 108.55, reflecting a decrease of Rs. 4.2 or 3.73%. The stock has hit a new 52-week low of Rs. 106.6 today and has been underperforming its sector by 3.78%. Over the past three days, the stock has consecutively fallen, resulting in a total decline of 5.73%. Additionally, it is trading below all significant moving averages, indicating a bearish trend. The stock's performance over various periods shows a significant year-to-date decline of 32.74% compared to a positive return of 8.72% for the benchmark Sensex, highlighting its poor performance relative to the market. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
Broader Market Context: In the short term, Raghuvir Synthetics Ltd has underperformed the benchmark Sensex, which has gained 1.69% over the past week while the stock has decreased by 4.02%. This stark contrast in performance suggests that investor sentiment towards Raghuvir Synthetics is weak, particularly as the stock has seen a notable drop in delivery volume, indicating falling investor participation. The broader market context, with the Sensex showing positive returns, further emphasizes the challenges faced by Raghuvir Synthetics Ltd in attracting investor interest and maintaining its stock price.