Why is Scoobee Garments falling/rising?

As of 23-Sep, Scoobee Day Garments India Ltd is experiencing a decline in its stock price, currently at Rs 89.00, which represents a decrease of Rs 3.78 or 4.07%. The stock has underperformed its sector by 3.45% today, touching an intraday low of Rs 89. It is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a decline of 2.83%, and its year-to-date performance shows a significant drop of 35.78%, contrasting with a 5.07% increase in the benchmark index. Although there has been a rise in investor participation, with a 40.66% increase in delivery volume compared to the 5-day average, the overall sentiment remains negative, contributing to the stock's recent downward movement.
In the broader market context, Scoobee Garments' short-term performance has been notably weaker than the benchmark, with a 1-week decline of 2.83% compared to a minimal drop of 0.34% in the Sensex. This underperformance is further highlighted by the stark contrast in year-to-date returns, where the stock has fallen by 35.78% while the Sensex has gained 5.07%. The overall market sentiment appears to favor other sectors, as indicated by the benchmark's positive performance, which may be impacting investor confidence in Scoobee Garments and contributing to its declining stock price.