Why is Relicab Cable falling/rising?

As of 24-Oct, Relicab Cable Manufacturing Ltd's stock price is currently at Rs 59.21, reflecting a decrease of Rs 1.68 or 2.76%. The stock has underperformed its sector by 3.1% today and has reached an intraday low of Rs 59.21. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 23.82% compared to the 5-day average. The stock has also shown significant underperformance over various time frames, with a year-to-date decline of 35.47% and a one-year drop of 55.46%, suggesting persistent weakness.
In the broader market context, the Sensex has shown a positive return of 0.31% over the past week and a gain of 3.05% over the past month, contrasting sharply with Relicab's decline of 0.95% and 7.76%, respectively. This indicates that while the overall market is experiencing upward momentum, Relicab Cable is struggling significantly. The stark difference in performance highlights the challenges faced by the company, as it continues to lag behind the benchmark index, further exacerbating investor concerns about its future prospects.