Why is Rishiroop falling/rising?

As of 14-Nov, Rishiroop Ltd's stock price is currently at 107.00, reflecting a decrease of 2.7, or 2.46%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.97% during this period. Today, it opened with a loss of 2.37% and reached an intraday low of Rs 106.5, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. The stock has also underperformed its sector by 6.32%, and there has been a notable decline in investor participation, with delivery volume dropping by 27.58% compared to the 5-day average.
In the broader market context, Rishiroop's performance has been significantly weaker than the benchmark Sensex, which has gained 1.62% over the past week, while Rishiroop has declined by 12.62%. Over the past month, the stock has decreased by 15.42%, contrasting sharply with the Sensex's increase of 3.09%. Year-to-date, Rishiroop's decline of 52.48% starkly contrasts with the Sensex's positive return of 8.22%. This persistent underperformance relative to the benchmark and the sector indicates a challenging environment for Rishiroop, contributing to the downward pressure on its stock price.