Why is Sh. Steel Wire falling/rising?

As of 10-Nov, Shree Steel Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs 26.35, which represents a decrease of Rs 2.03 or 7.15%. The stock has underperformed significantly today, with a performance that is 7.67% lower than its sector. It reached an intraday low of Rs 26.06, reflecting an 8.17% drop. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 8.82%, and year-to-date, it has fallen by 33.12%, suggesting a prolonged period of underperformance compared to the benchmark Sensex, which has gained 6.91% in the same timeframe. There is a slight increase in investor participation, with delivery volume rising by 18.37% against the 5-day average, but this has not translated into a positive price movement.
Broader Market Context: In the context of the broader market, Shree Steel Wire Ropes Ltd's recent performance contrasts sharply with the Sensex, which has shown resilience with a 1.25% gain over the past month. The stock's significant decline of 9.11% over the last month further emphasizes its struggle relative to the benchmark. While the stock has seen some liquidity, it remains under pressure, as indicated by its substantial year-to-date and one-year declines of 33.12% and 36.21%, respectively. This persistent underperformance suggests that investor sentiment may be negatively impacted, leading to a lack of confidence in the stock's recovery in the near term.