Why is Rish.Digh.Steel falling/rising?

As of 10-Nov, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 34.60, reflecting a decrease of 3.88 points or 10.08%. Today's trading session has shown significant volatility, with the stock opening up by 6.52% but later dropping to an intraday low of Rs 34.1, which is a decline of 11.38%. The stock has underperformed its sector by 10.6% today, and it is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 37.5% compared to the 5-day average, indicating a lack of confidence among investors.
Broader Market Context: In the context of market performance, Rishabh Digha Steel has underperformed compared to the benchmark Sensex over various periods, including a 1-week decline of 8.71% against a 0.53% drop in the Sensex, and a year-to-date decline of 9.50% compared to a 6.91% increase in the Sensex. This suggests that while the broader market has shown resilience, Rishabh Digha Steel has struggled to maintain investor interest and confidence, contributing to its recent price decline.