Why is Sahaj Fashions falling/rising?

As of 23-Jul, Sahaj Fashions Ltd is experiencing a decline in its stock price, currently at 8.85, which reflects a decrease of 0.45 or 4.84%. The stock has underperformed significantly over various periods, with a 1-month return of -20.27% and a year-to-date return of -36.33%. Today's performance indicates that while the stock has outperformed its sector by 0.84%, it remains below the 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 9.09% against the 5-day average, which may indicate waning interest among investors.
In the broader market context, the Sensex has shown a slight increase of 0.03% over the past week, contrasting sharply with Sahaj Fashions' decline of 4.84% during the same period. This disparity highlights the stock's underperformance relative to the benchmark index. Furthermore, while the stock's liquidity appears sufficient for trading, the overall negative sentiment reflected in its substantial year-on-year decline of 60.14% compared to the Sensex's modest gain of 3.03% suggests that broader market conditions are not favoring Sahaj Fashions at this time.