Why is Rudra Ecovation falling/rising?

As of 17-Nov, Rudra Ecovation Ltd's stock price is currently at Rs 29.86, reflecting a decline of Rs 1.51 or 4.81%. The stock has been underperforming, having lost value for the last nine consecutive days, resulting in a total drop of 18.21% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. In terms of returns, the stock has significantly underperformed the benchmark Sensex over various periods, with a year-to-date decline of 49.87% compared to the Sensex's gain of 8.72%. There is a slight increase in investor participation, as evidenced by a 6.7% rise in delivery volume, but this has not been enough to counteract the overall negative sentiment surrounding the stock.
Broader Market Context: In the short term, Rudra Ecovation's performance has been notably weaker than the Sensex, which has gained 1.69% over the past week while the stock has dropped by 8.55%. This stark contrast highlights the stock's struggles relative to the broader market. The ongoing decline in stock price, coupled with the negative returns over the past year and the significant underperformance against the benchmark, suggests a challenging environment for Rudra Ecovation Ltd, which is further exacerbated by its recent price movements and trading patterns.