Why is Sh. Steel Wire falling/rising?

As of 20-Oct, Shree Steel Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs. 26.50, which represents a decrease of Rs. 1.8 or 6.36%. The stock has hit a new 52-week low of Rs. 24.8 today, reflecting a significant intraday drop of 12.37%. It has underperformed its sector by 5.86% and has shown a trend reversal after three consecutive days of gains. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also fallen drastically, down by 99.78% against the 5-day average, suggesting a decline in investor participation.
In the broader market context, the stock's performance over the past week shows a decline of 1.30%, while the benchmark Sensex has increased by 2.47%. Over the past month, Shree Steel Wire has decreased by 3.11%, contrasting with the Sensex's gain of 2.10%. Year-to-date, the stock has plummeted by 32.74%, while the Sensex has risen by 7.97%. This stark contrast highlights the stock's underperformance relative to the broader market, contributing to its current downward trajectory.