Why is Rajshree Sugars falling/rising?

As of 04-Nov, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 37.95, which represents a decrease of Rs 2.35 or 5.83%. The stock has underperformed its sector by 4.64% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 6.3%. It reached an intraday low of Rs 37.4, reflecting a significant decline of 7.2%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also waned, with delivery volume falling by 45.42% compared to the 5-day average, suggesting reduced interest in the stock.
Broader Market Context: In the context of the broader market, Rajshree Sugars has shown a negative performance over the past week and month, with returns of -0.13% and -5.92%, respectively, while the Sensex has seen a decline of only 1.38% and an increase of 2.77% in the same periods. Year-to-date, the stock has significantly underperformed, with a drop of 33.42% compared to the Sensex's gain of 6.81%. This stark contrast highlights the stock's struggles relative to the market, contributing to its current downward trajectory.