Why is Sadhana Nitro falling/rising?

As of 17-Oct, Sadhana Nitro Chem Ltd is experiencing a decline in its stock price, currently at 8.72, which reflects a decrease of 0.28 or 3.11%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total return of -16.31% during this period. 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 decreased sharply by 64.33% compared to 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.
Broader market context shows that Sadhana Nitro has significantly underperformed compared to the benchmark Sensex, which has gained 1.76% over the past week while Sadhana Nitro has dropped by 12.36%. This trend of underperformance is evident over longer periods as well, with the stock down 78.38% year-to-date compared to the Sensex's 7.44% increase. The stark contrast between the stock's performance and that of the broader market indicates a challenging environment for Sadhana Nitro, contributing to its declining price.