Why is Rish.Digh.Steel falling/rising?

As of 18-Nov, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 35.01, which reflects a decrease of 2.37 or 6.34%. The stock has underperformed its sector by 5.51% today, opening with a loss of 3.69% and reaching an intraday low of Rs 34.51, marking a drop of 7.68%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 14.57% compared to the 5-day average, suggesting falling investor participation. Over the past year, the stock has declined by 12.26%, contrasting sharply with the Sensex, which has gained 9.48%.
In the broader market context, Rishabh Digha Steel's short-term performance has been notably poor, with a 1-week return of -6.79% compared to the Sensex's positive return of 0.96%. This underperformance highlights the stock's struggle relative to the overall market, which has shown resilience. The stock's liquidity is deemed sufficient for trading, but the erratic trading pattern, including a day without trades in the last 20 days, raises concerns about investor confidence and market interest. Overall, the combination of negative price movements, declining investor participation, and poor relative performance against the benchmark contributes to the stock's current downward trajectory.