Why is Salora Intl. falling/rising?

As of 29-Sep, Salora International Ltd's stock price is currently at Rs 42.56, reflecting a decrease of Rs 1.24 or 2.83%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 6.83%. Although it opened with a gain of 3.97% today and reached an intraday high of Rs 45.54, it ultimately traded lower, hitting a low of Rs 42.3. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The delivery volume has also significantly decreased, falling by 73.3% against the five-day average, which suggests a decline in investor participation.
In the broader market context, Salora International's recent performance contrasts with the benchmark Sensex, which has shown a decline of 2.18% over the past week while Salora's stock has decreased by only 0.19%. Year-to-date, Salora's stock has underperformed significantly, with a drop of 40.47%, compared to the Sensex's gain of 2.85%. This underperformance in both short-term and long-term metrics highlights the challenges faced by the company, contributing to the negative sentiment surrounding its stock.