Why is Rish.Digh.Steel falling/rising?

As of 06-Oct, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 35.91, which represents a decrease of 3.32 (-8.46%). The stock has underperformed its sector by 7.38% today and has been on a downward trend for the last two days, accumulating a total loss of 12.41%. Additionally, the stock has touched an intraday low of Rs 33.35, reflecting a significant drop of 14.99%. It is also trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume plummeting by 97.78% compared to the five-day average, contributing to the stock's current volatility and downward movement.
In the broader market context, Rishabh Digha Steel's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.77% over the past week. While the stock has shown a slight increase of 1.15% over the past month, it has significantly underperformed on a year-to-date basis, with a decline of 6.07% compared to the Sensex's gain of 4.67%. Over the past year, the stock has decreased by 18.39%, while the Sensex has remained relatively flat with a 0.12% increase. This disparity in performance highlights the challenges faced by Rishabh Digha Steel in attracting investor confidence amidst a generally positive market environment.