Why is Rishi Laser falling/rising?

As of 02-Jul, Rishi Laser Ltd's stock price is currently at Rs 142.00, reflecting a decrease of Rs 3.0 or 2.07%. The stock opened the day with a gain of 2% but subsequently fell to a day's low of Rs 142, indicating a decline in momentum. Over the past week, the stock has underperformed, showing a return of -2.61%, while the benchmark Sensex has gained 0.79%. Although the stock has shown positive returns over the past month (+2.34%) and year (+0.25%), it has underperformed year-to-date with a decline of -3.30% compared to the Sensex's increase of +6.75%. The stock's performance today suggests a lack of sustained investor confidence, despite a slight increase in delivery volume.
Broader Market Context: In the context of the broader market, Rishi Laser's recent performance contrasts with the overall positive trend of the Sensex, which has shown resilience with a 6.75% increase year-to-date. The stock's current decline may be attributed to its underperformance relative to the sector, as it has lagged behind by 2.2% today. Additionally, while the stock remains liquid enough for trading, it is currently trading below several key moving averages, indicating potential weakness in the short-term outlook. The combination of these factors suggests that investor sentiment may be cautious, impacting the stock's price negatively in the current market environment.