Why is SEL Mfg. Co falling/rising?

As of 19-Nov, SEL Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 30.00, which reflects a decrease of Rs 1.13 or 3.63%. The stock has underperformed its sector by 3.48% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.69% during this period. Additionally, the stock has shown significant underperformance over various time frames, with a year-to-date decline of 33.53% compared to a 9.02% increase in the Sensex. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 63.67% against the five-day average, which suggests waning interest among investors.
In the broader market context, SEL Manufacturing Company Ltd's recent performance contrasts sharply with the Sensex, which has gained 0.85% over the past week while SEL's stock has fallen by 13.92%. This stark difference highlights the stock's struggles relative to the overall market. The company's significant decline over the past three years, with a staggering drop of 94.73%, further emphasizes its challenges in attracting investor confidence compared to the benchmark's 38.15% increase during the same period. Overall, the combination of poor short-term performance, declining investor interest, and a lack of positive factors contributes to the stock's downward trajectory.