Why is Refex Industries falling/rising?

As of 05-Aug, Refex Industries Ltd is currently priced at 416.00, reflecting a decrease of 7.45, or 1.76%. The stock has underperformed its sector today by 0.99%, with an intraday low of Rs 414.4, marking a decline of 2.14%. Additionally, Refex Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has significantly decreased by 67.56% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has gained 1.70%, but it has seen a decline of 5.35% over the past month and a year-to-date drop of 13.77%, despite a strong performance over the longer term with a 67.54% increase over the past year and an impressive 1480.55% rise over the past three years.
In the broader market context, the Sensex has experienced a slight decline of 0.77% over the past week and a 3.26% drop over the past month, which indicates that the market is facing some headwinds. However, Refex Industries' recent performance contrasts with this, as it has shown a stronger return over the longer term compared to the benchmark. The stock's year-to-date performance is notably worse than the Sensex's gain of 3.29%, highlighting the challenges faced by Refex Industries in the current market environment. Overall, the combination of declining investor participation and underperformance against both its sector and the benchmark contributes to the stock's current downward movement.