Why is Scan Steels falling/rising?

As of 03-Nov, Scan Steels Ltd is experiencing a decline in its stock price, currently at Rs 40.35, which represents a decrease of Rs 3.57 or 8.13%. The stock has underperformed its sector by 8.27% today and has fallen after two consecutive days of gains. It opened with a loss of 4.37% and reached an intraday low of Rs 39.41, reflecting a drop of 10.27%. Over the past week, the stock has decreased by 4.70%, and year-to-date, it has fallen by 13.69%. Although the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. There has been a significant increase in investor participation, with delivery volume rising by 273.38% against the 5-day average, indicating some interest despite the price drop.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight decline of 0.94% over the past week and a gain of 7.47% year-to-date. Compared to the benchmark, Scan Steels' short-term performance has been notably weaker, highlighting its struggles in the current market environment. The stock's significant decline today, coupled with its negative returns over the past month and year, suggests that it is facing challenges that are not aligned with the broader market trends. The absence of any positive factors in the dashboard further emphasizes the difficulties the company is encountering, contributing to the downward pressure on its stock price.