Why is Shalimar Paints falling/rising?

As of 23-Sep, Shalimar Paints Ltd. is experiencing a decline in its stock price, currently at Rs 81.05, which reflects a decrease of Rs 1.43 or 1.73%. The stock has underperformed its sector by 0.3% today and has been on a downward trend for the last two days, resulting in a total drop of 5.09% during this period. Additionally, the stock's performance over the past week shows a gain of 10.72%, but it has significantly underperformed on a year-to-date basis with a decline of 36.26%. The stock's trading activity indicates a falling investor participation, with delivery volume dropping by 54.59% compared to the 5-day average, which may contribute to the recent price decline.
In the broader market context, while Shalimar Paints has shown a positive return of 10.78% over the past month, the benchmark Sensex has increased by only 0.98% during the same period, indicating a relative strength in the stock's short-term performance. However, the stock's year-to-date performance contrasts sharply with the Sensex's gain of 5.07%, highlighting a significant underperformance over a longer timeframe. The stock's moving averages suggest that it is currently below the 100-day and 200-day averages, which may signal bearish sentiment among investors. Overall, the combination of declining investor interest, recent price drops, and underperformance relative to the benchmark contributes to the stock's current downward movement.