Why is Shantai Indust. falling/rising?

As of 10-Oct, Shantai Industries Ltd is experiencing a decline in its stock price, currently at Rs 12.70, which reflects a decrease of 1.38 or 9.8%. The stock has underperformed its sector by 10.83% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 9.93% during this period. It opened with a significant loss of 9.8% and reached an intraday low of Rs 12.70, indicating a lack of upward movement since the opening price. Although the stock is trading above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 314.61% against the 5-day average, suggesting some interest despite the price drop.
In the broader market context, Shantai Industries' short-term performance has been notably weaker compared to the benchmark Sensex, which has gained 1.59% over the past week while the stock has decreased by 2.31%. This disparity highlights the stock's struggles relative to the overall market. Additionally, the year-to-date performance of the Sensex shows a positive return of 5.58%, further emphasizing the stock's underperformance in the current market environment. Overall, the combination of negative price movement, underperformance against the sector, and a contrasting benchmark performance contributes to the ongoing decline in Shantai Industries' stock price.