Why is Sadhana Nitro falling/rising?

As of 05-Aug, Sadhana Nitro Chem Ltd is experiencing a decline in its stock price, currently at 6.80, which reflects a decrease of 0.13 or 1.88%. The stock has underperformed its sector today by 2.26%. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 5.69%, and it has shown significant underperformance over longer periods, with a year-to-date decline of 83.14% and a staggering 88.80% drop over the past year. While there has been a notable increase in investor participation, with delivery volume rising by 1201.03% against the 5-day average, the absence of specific positive or negative factors makes it challenging to pinpoint the exact reasons for the stock's recent movement.
Broader market context indicates that while Sadhana Nitro has faced substantial declines, the benchmark Sensex has only decreased by 0.77% over the past week and has shown a positive return of 3.29% year-to-date. This stark contrast highlights the significant underperformance of Sadhana Nitro relative to the broader market. The overall liquidity of the stock remains adequate for trading, but the persistent downward trend in its price and the poor performance compared to the benchmark suggest that investor sentiment may be cautious or negative regarding the company's prospects.