Why is Shalimar Paints falling/rising?

As of 08-Aug, Shalimar Paints Ltd. is experiencing a decline in its stock price, currently at Rs. 75.19, which reflects a decrease of Rs. 0.77 or 1.01%. The stock has hit a new 52-week low of Rs. 74.51 today and has been on a downward trend, losing value for the last four consecutive days with a total decline of 4.19% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has decreased significantly, with delivery volume dropping by 49.53% compared to the 5-day average, suggesting a lack of confidence among investors.
In the broader market context, Shalimar Paints has underperformed relative to the Sensex, with a 1-week return of -4.08% compared to the benchmark's -0.92%. Over the past month, the stock has declined by 21.41%, while the Sensex has only fallen by 4.60%. Year-to-date, Shalimar Paints has seen a staggering decline of 40.87%, contrasting sharply with the Sensex's modest gain of 2.20%. This significant underperformance highlights the challenges faced by the company in attracting investor interest amidst a generally stable market environment.