Why is Sharda Ispat falling/rising?

As of 04-Nov, Sharda Ispat Ltd is experiencing a decline in its stock price, currently at 225.05, which reflects a decrease of 9.9 points or 4.21%. The stock has underperformed its sector by 3.12% today and has been on a downward trend, losing 5.58% over the last two days. It opened with a loss of 4.06% and reached an intraday low of Rs 225. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has significantly decreased, with delivery volume dropping by 86.54% against the 5-day average. The absence of positive factors in the dashboard further suggests a lack of supportive news or developments for the stock.
Broader Market Context: In comparison to the benchmark Sensex, Sharda Ispat's performance over the past week shows a decline of 1.75%, while the Sensex has decreased by 1.38%. Over the past month, Sharda Ispat has fallen by 8.55%, contrasting sharply with the Sensex's gain of 2.77%. Year-to-date, the stock is down 21.86%, while the Sensex has risen by 6.81%. This significant underperformance relative to the benchmark indicates that broader market conditions are not favoring Sharda Ispat, contributing to its recent price decline.