Why is Sh. Steel Wire falling/rising?

As of 24-Sep, Shree Steel Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs 26.70, which reflects a decrease of Rs 0.29 or 1.07%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is 2.58% away from its 52-week low of Rs 26.01. The delivery volume has also seen a significant drop, with a 55.96% decrease compared to the 5-day average, suggesting falling investor participation. Over the past month, the stock has underperformed, showing a return of -7.29%, while the Sensex has gained 0.50%. Year-to-date, the stock is down 32.23%, contrasting sharply with the Sensex's increase of 4.58%.
In the broader market context, Shree Steel Wire's short-term performance has been notably weaker than the benchmark, as it has declined by 2.02% over the past week compared to the Sensex's loss of only 1.18%. This underperformance highlights the stock's struggles relative to the overall market. The lack of available positive factors further compounds the negative sentiment surrounding the stock, as no supportive news or developments have been reported to bolster investor confidence. Overall, the combination of declining price trends, reduced trading activity, and poor relative performance against the benchmark contributes to the stock's downward movement.