Why is Rajshree Sugars falling/rising?

As of 15-Oct, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 37.68, which represents a decrease of 1.67 or 4.24%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 4.32% during this period. It opened the day with a loss of 2.44% and reached an intraday low of Rs 37.5, indicating significant selling pressure. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 46.84% compared to the 5-day average, which indicates reduced interest from investors.
In the broader market context, Rajshree Sugars has underperformed significantly compared to the benchmark Sensex, which has gained 1.02% over the past week while the stock has dropped by 5.94%. Over the past month, the stock has decreased by 10.92%, contrasting sharply with the Sensex's modest gain of 1.00%. Year-to-date, Rajshree Sugars has seen a substantial decline of 33.89%, while the Sensex has risen by 5.72%. This stark difference in performance highlights the challenges faced by Rajshree Sugars in the current market environment, contributing to its ongoing price decline.