Why is Sadhana Nitro falling/rising?

As of 07-Aug, Sadhana Nitro Chem Ltd is experiencing a decline in its stock price, currently at 6.54, which reflects a decrease of 0.13 or 1.95%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total return of -5.63% over the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a drop of 88.78% against the 5-day average, suggesting a lack of investor interest. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Sadhana Nitro's performance has been notably poor compared to the benchmark, the Sensex, which has only declined by 0.69% over the past week. The stock's year-to-date return of -83.79% starkly contrasts with the Sensex's gain of 3.18%, highlighting a significant underperformance over a longer period as well. This disparity in performance indicates that while the broader market is experiencing some stability, Sadhana Nitro is struggling to attract investor confidence, further contributing to its declining stock price.