Why is Shalimar Wires falling/rising?

As of 19-Sep, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at 20.70, which reflects a decrease of 0.59 or 2.77%. The stock has underperformed its sector by 2.47% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 3.63% in that period. In terms of returns, the stock has shown a negative performance over various time frames, including a year-to-date decline of 10.78% and a one-year drop of 32.42%. While the stock is trading higher than its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 85.26% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, the stock's performance over the past week has been negative at -2.22%, while the benchmark Sensex has gained 0.88%, highlighting a significant underperformance relative to the market. Over the past month, the stock has slightly outperformed the benchmark with a return of 0.49% compared to the Sensex's 1.20%. However, the year-to-date and one-year figures show a stark contrast, with the stock lagging behind the Sensex, which has gained 5.74% year-to-date and is nearly flat over the past year. This broader market strength may be contributing to the stock's struggles, as it fails to keep pace with the overall market performance.