Why is Rasandik Engg. falling/rising?

As of 30-Sep, Rasandik Engineering Industries India Ltd is experiencing a decline in its stock price, currently at 80.98, reflecting a decrease of 8.85 points or 9.85%. The stock has been underperforming significantly, having fallen for four consecutive days with a total decline of 10.91% during this period. Today, it opened with a loss of 2.04% and reached an intraday low of Rs 79.6, indicating high volatility with an intraday fluctuation of 5.58%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. There has also been a notable drop in investor participation, with delivery volume plummeting by 95.11% compared to the 5-day average, further contributing to the stock's downward movement.
In the broader market context, Rasandik's short-term performance has been notably worse than the benchmark, with a 1-week return of -8.91% compared to the Sensex's -2.23%. Over the past month, the stock has declined by 5.40%, while the Sensex has seen a slight increase of 0.57%. Year-to-date, Rasandik's performance is significantly negative at -33.21%, contrasting sharply with the Sensex's positive return of 2.72%. This stark difference highlights the challenges faced by Rasandik Engineering Industries in the current market environment, as it continues to struggle against both sector performance and broader market trends.