Why is Rajoo Engineers falling/rising?

As of 08-Aug, Rajoo Engineers Ltd is currently priced at 102.50, experiencing a decline of 0.5, or 0.49%. The stock has been on a downward trend, losing value for the last three days and showing a total decline of 4.65% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, investor participation has decreased, with delivery volume dropping by 18.65% compared to the 5-day average. The stock has also seen significant declines over longer periods, with a year-to-date drop of 56.46% and a one-year decline of 62.29%, although it has shown impressive gains over three and five years.
In the broader market context, Rajoo Engineers' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.92% over the past week and has gained 2.20% year-to-date. This stark difference highlights the stock's underperformance relative to the market. The negative returns over the past month and year further emphasize the challenges faced by Rajoo Engineers, as it struggles to attract investor interest and maintain liquidity, despite being liquid enough for trade sizes of Rs 0.22 crore. Overall, the combination of declining prices, reduced trading volume, and poor relative performance against the benchmark contributes to the stock's ongoing downward trajectory.