Why is Rishi Laser falling/rising?

As of 23-Sep, Rishi Laser Ltd's stock price is currently at Rs 138.65, reflecting a decrease of Rs 1.85 or 1.32%. The stock has underperformed its sector by 1.78% today and reached an intraday low of Rs 136, which is a decline of 3.2%. Additionally, Rishi Laser is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 2.94%, and year-to-date, it has fallen by 5.58%. While the stock has shown impressive long-term growth with a 498.92% increase over three years, its recent performance has been lackluster compared to the benchmark Sensex, which has gained 5.07% year-to-date.
In the broader market context, Rishi Laser's short-term performance has been notably weaker than the Sensex, which has only declined by 0.34% over the past week. The rising investor participation, with a delivery volume increase of 219.31% against the 5-day average, suggests some interest in the stock despite its current downward trend. However, without specific positive or negative factors available, it is challenging to pinpoint the exact reasons behind the stock's recent decline. Overall, the combination of underperformance relative to benchmarks and the stock trading below key moving averages contributes to the current bearish sentiment surrounding Rishi Laser Ltd.