Why is RMC Switchgears falling/rising?

As of 06-Nov, RMC Switchgears Ltd is experiencing a decline in its stock price, currently at Rs 647.05, which represents a decrease of Rs 34.1 or 5.01%. The stock has underperformed its sector by 3.85% today and has been on a downward trend for the last two days, accumulating a total loss of 10.14%. 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 recent performance over various periods shows a significant decline, with a year-to-date drop of 42.23%, despite a strong 3-year return of 219.29%. There is a notable increase in investor participation, with delivery volume rising by 157.61% against the 5-day average, suggesting some interest despite the overall negative price movement.
In the broader market context, RMC Switchgears has underperformed compared to the Sensex, which has gained 1.86% over the past month while RMC has declined by 12.68%. This stark contrast highlights the stock's struggles relative to the market. The stock's liquidity remains adequate for trading, as it represents 2% of the 5-day average traded value, allowing for reasonable trade sizes. However, the overall negative sentiment surrounding the stock, combined with its recent performance metrics, indicates a challenging environment for RMC Switchgears Ltd.