Why is Rexnord Electr. falling/rising?

As of 11-Nov, Rexnord Electronics & Controls Ltd is experiencing a decline in its stock price, currently at Rs 83.80, which represents a decrease of Rs 1.29 or 1.52%. The stock has been underperforming, having fallen for the last two days with a total return of -1.54% during this period. Although it opened with a gain of 3.3% today, it reached an intraday high of Rs 87.9 before dropping to a low of Rs 83.11. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, it is close to its 52-week low, being just 4.52% away from Rs 80.01. The stock's year-to-date performance shows a significant decline of 18.56%, and it has underperformed the sector by 1.55% today.
In the broader market context, Rexnord's short-term performance has been notably weaker than the benchmark Sensex, which has gained 0.49% over the past week while Rexnord has declined by 3.46%. This trend is reflected in the stock's longer-term performance as well, with a year-over-year decline of 28.83% compared to the Sensex's increase of 5.50%. Despite a slight increase in investor participation, as evidenced by a 4.05% rise in delivery volume, the overall liquidity remains low, which may contribute to the stock's volatility. The combination of these factors indicates a challenging environment for Rexnord Electronics & Controls Ltd, leading to its current price decline.