Why is R&B Denims falling/rising?

As of 10-Nov, R&B Denims Ltd is experiencing a decline in its stock price, currently at Rs 123.55, which represents a decrease of Rs 13.9 or 10.11%. Today's price summary indicates that the stock opened with a gain of 3.97% but subsequently fell to an intraday low of Rs 121.65, reflecting high volatility with an intraday fluctuation of 11.96%. The stock has underperformed its sector by 9.78% and has seen a trend reversal after two consecutive days of gains. Despite a strong year-to-date return of 45.35% and a one-year return of 50.67%, the stock has faced a 4.00% decline over the past month, suggesting recent challenges in maintaining upward momentum.
In the broader market context, R&B Denims' short-term performance has been weaker compared to the benchmark Sensex, which has gained 1.25% over the past month while R&B Denims has declined by 4.00%. This underperformance is further highlighted by the stock's recent volatility and the fact that it has traded below its moving averages for the short term. Although there has been a rise in investor participation, as evidenced by a 30.78% increase in delivery volume, the overall market sentiment appears to be affecting the stock negatively, contributing to its recent price decline.