Why is Rajnish Retail falling/rising?

As of 06-Nov, Rajnish Retail Ltd's stock price is currently at 6.79, reflecting a decline of 0.28, or 3.96%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 7.74% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of performance against benchmarks, the stock has seen significant declines over various periods, with a year-to-date drop of 35.64% compared to a 6.62% increase in the Sensex. However, there has been a notable rise in investor participation, with delivery volume increasing by 118.04% against the 5-day average, suggesting some interest despite the overall negative price movement.
Broader market context shows that while Rajnish Retail has struggled, the Sensex has only declined by 1.30% over the past week, highlighting a stark contrast in performance. The stock's short-term return is significantly worse than the benchmark, indicating that investor sentiment towards Rajnish Retail is currently negative. Despite the liquidity being sufficient for trading, the overall market conditions and the company's recent performance suggest that investors are cautious, contributing to the stock's downward trajectory.