Why is Remi Edelstahl falling/rising?

As of 17-Oct, Remi Edelstahl Tubulars Ltd is experiencing a decline in its stock price, currently at Rs 147.25, which reflects a decrease of Rs 6.55 or 4.26%. The stock has underperformed its sector by 3.28% today, following a trend reversal after two consecutive days of gains. Although it opened with a gain of 2.73% and reached an intraday high of Rs 158, it also touched a low of Rs 146.15, indicating significant volatility. Over the past week, the stock has decreased by 4.69%, and over the past month, it has fallen by 14.29%. However, it has shown strong performance year-to-date with a gain of 44.36% and an impressive 100.20% increase over the past year. The stock's moving averages indicate it is currently above the 100-day and 200-day averages but below the shorter-term averages, suggesting mixed signals. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 168.52% against the 5-day average.
In the broader market context, the Sensex has increased by 1.76% over the past week and 1.52% over the past month, contrasting with Remi Edelstahl's declines in the same periods. This underperformance relative to the benchmark indicates that the stock is not only facing company-specific challenges but also struggling to keep pace with the overall market trends. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value. However, the lack of positive factors in the dashboard suggests that there are no significant catalysts currently supporting the stock's price, contributing to its downward movement.