Why is Sharda Ispat falling/rising?

As of 16-Oct, Sharda Ispat Ltd's stock price is currently at Rs. 220.00, reflecting a decrease of Rs. 10.3 or 4.47%. The stock has recently hit a new 52-week low and has been underperforming its sector by 5.15%. Over the past week, the stock has fallen by 11.96%, and it has experienced a significant decline of 23.61% year-to-date. The stock has been on a downward trend, losing 9.8% over the last two days, and it opened with a loss of 2.74% today. Despite touching an intraday high of Rs. 261, the overall performance indicates a struggle, as it is trading below all key moving averages. There is a notable increase in investor participation, with delivery volume rising by 100.76% against the 5-day average, suggesting some interest despite the price drop.
In the broader market context, Sharda Ispat's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.58% over the past week. While the stock has shown impressive gains over the longer term, with a 242.41% increase over the last three years and a staggering 752.71% over five years, its short-term performance has been significantly negative. The stock's high volatility, with an intraday volatility of 8.52%, further indicates uncertainty among investors. Overall, the combination of recent poor performance, a new low, and underperformance relative to the sector and benchmark has contributed to the stock's decline.