Why is Sagardeep Alloys falling/rising?

As of 17-Nov, Sagardeep Alloys Ltd is experiencing a decline in its stock price, currently at Rs 26.19, reflecting a decrease of Rs 1.73 or 6.2%. The stock has underperformed significantly today, falling short of its sector performance by 5.86%. Additionally, it is trading below all major moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 4.59%, and its year-to-date performance shows a decline of 7.06%, contrasting sharply with the Sensex, which has gained 10.02% during the same period. Furthermore, investor participation has decreased, with delivery volume dropping by 41.62% compared to the five-day average, suggesting waning interest among investors.
Broader Market Context: In the context of the broader market, Sagardeep Alloys' recent performance is notably weaker than the Sensex, which has shown a positive return of 1.72% over the past week. The stark contrast between the stock's negative returns and the benchmark's gains highlights the challenges faced by Sagardeep Alloys in attracting investor confidence. The stock's proximity to its 52-week low, being only 4.51% away from Rs 25.01, further underscores the difficulties it is encountering in the current market environment. Overall, the combination of poor performance metrics and declining investor participation contributes to the stock's downward trajectory.