Why is Rish.Digh.Steel falling/rising?

As of 06-Nov, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 34.30, which represents a decrease of 3.08 or 8.24%. The stock has been underperforming significantly, having fallen for three consecutive days with a total decline of 14.23% during this period. Today, it opened with a loss of 6.37% and reached an intraday low of Rs 33.2, reflecting a drop of 11.18%. The stock 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 decrease in investor participation, with delivery volume dropping by 44.84% compared to the 5-day average, which suggests waning interest among investors.
In the broader market context, Rishabh Digha Steel's performance over the past week shows a decline of 6.92%, contrasting with the Sensex, which has only decreased by 1.30%. Over the past month, the stock has also underperformed, with a decline of 4.48% compared to the Sensex's increase of 1.86%. Year-to-date, the stock is down 10.28%, while the benchmark has gained 6.62%. This persistent underperformance relative to the market indicates that the stock is facing significant challenges, contributing to its recent price decline.