Why is Riddhi Siddhi Gl falling/rising?

As of 08-Aug, Riddhi Siddhi Gluco Biols Ltd is currently priced at Rs 538.90, reflecting an increase of Rs 2.15 or 0.4%. Despite this slight uptick today, the stock has been on a downward trend, having underperformed its sector by 0.4% and experiencing a consecutive fall over the last three days, resulting in a total decline of 6.11%. The stock opened with a gain of 3.38% today and reached an intraday high of Rs 554.9, but it is trading below all key moving averages, indicating a bearish trend. Additionally, while there has been a rise in investor participation with a 7.29% increase in delivery volume, the overall performance over the past week and month shows a decline of 3.37% and 2.02%, respectively, suggesting ongoing challenges for the stock.
In the broader market context, Riddhi Siddhi Gluco Biols Ltd has underperformed compared to the Sensex, which has seen a decline of only 0.92% over the past week and 4.60% over the past month. Year-to-date, the stock has fallen by 15.66%, contrasting sharply with the Sensex's gain of 2.20%. This significant underperformance highlights the stock's struggles relative to the broader market, despite today's minor recovery. The lack of available positive or negative factors further complicates the analysis of the stock's recent movements, leaving a gap in understanding the specific catalysts behind its price fluctuations.