Why is Royal India Corp falling/rising?

As of 11-Nov, Royal India Corporation Ltd's stock price is currently at 7.40, reflecting a decrease of 0.2, or 2.63%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.88%. Additionally, the stock's performance over the past week shows a decline of 2.12%, and it has significantly underperformed the benchmark Sensex, which has gained 0.49% in the same period. The stock's delivery volume has also decreased by 25.77% compared to the 5-day average, indicating falling investor participation. The stock is currently trading higher than its 50-day moving average but lower than its 5-day, 20-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short term.
In the broader market context, Royal India Corporation's year-to-date return stands at a staggering decline of 72.50%, while the Sensex has increased by 7.34% during the same timeframe. This stark contrast highlights the stock's significant underperformance relative to the market. Over the past month, the stock has dropped 4.15%, further emphasizing its struggles compared to the Sensex's gain of 1.66%. The lack of available positive factors in the dashboard suggests that there are no current catalysts to support a rebound, contributing to the ongoing downward pressure on the stock price.