Why is Sarthak Metals falling/rising?

As of 09-Oct, Sarthak Metals Ltd is experiencing a decline in its stock price, currently at Rs 101.90, reflecting a decrease of Rs 2.3 or 2.21%. The stock has underperformed its sector by 2.64% today and has been on a consecutive downward trend for the last two days, with a total decline of 3.69% during this period. Additionally, the stock has touched an intraday low of Rs 99.4, indicating a significant drop of 4.61%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Furthermore, investor participation has decreased, with delivery volume falling by 48.17% compared to the 5-day average, indicating reduced interest in the stock.
In the broader market context, Sarthak Metals' performance over the past week shows a decline of 1.92%, while the Sensex has increased by 1.47%, highlighting a stark contrast between the stock and the benchmark index. Over the past month, the stock has decreased by 4.77%, while the Sensex has gained 1.32%. Year-to-date, Sarthak Metals has seen a significant drop of 35.67%, contrasting sharply with the Sensex's rise of 5.16%. This underperformance relative to the benchmark indicates that the stock is facing challenges that are not affecting the broader market, contributing to its recent price decline.