Why is Refractory Shap. falling/rising?

As of 25-Sep, Refractory Shapes Ltd is experiencing a decline in its stock price, currently at Rs 50.90, which reflects a decrease of Rs 0.5 or 0.97%. The stock has been trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 3.73% away from Rs 49. In terms of performance, the stock has seen significant declines over various periods, with a year-to-date drop of 46.42% and a one-year decline of 63.25%. However, there has been a notable increase in investor participation, with delivery volume rising by 995.24% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, Refractory Shapes Ltd's short-term performance has been worse than the benchmark, with a one-week return of -7.45% compared to the Sensex's -2.10%. This underperformance is indicative of the stock's struggles relative to the market. While the stock's liquidity appears adequate for trading, the overall sentiment remains negative, as reflected in its significant year-to-date and one-year losses compared to the benchmark's positive return of 5.27% year-to-date. The absence of specific positive or negative dashboard factors limits the understanding of potential catalysts for a turnaround, emphasizing the challenges the company faces in the current market environment.