Why is Royal Arc Ele. falling/rising?

As of 13-Nov, Royal Arc Electrodes Ltd is experiencing a decline in its stock price, currently at 148.00, which represents a decrease of 8.0 or 5.13%. The stock has underperformed significantly today, falling by 5.59% compared to its sector. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 10.33%, while it has also fallen by 7.85% over the past month, contrasting sharply with the Sensex, which has gained 1.45% and 2.58% respectively during the same periods. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 28.57% against the 5-day average, suggesting waning interest in the stock.
Broader Market Context: The broader market context indicates that while the Sensex has shown positive returns, Royal Arc Electrodes Ltd has struggled to keep pace, reflecting a significant divergence in performance. The stock's recent underperformance, coupled with a lack of positive factors to counterbalance the negative trends, has contributed to its decline. The overall market sentiment appears to favor other sectors, as evidenced by the Sensex's gains, which further highlights the challenges faced by Royal Arc Electrodes Ltd in attracting investor confidence.