Why is Sharda Ispat falling/rising?

As of 13-Nov, Sharda Ispat Ltd's stock price is currently at Rs 200.00, reflecting a decline of Rs 18.95, or 8.65%. The stock has been underperforming significantly, having fallen for three consecutive days with a total decline of 14.37% during this period. Today's trading saw the stock reach an intraday high of Rs 225.9 but ultimately closed at its low of Rs 200. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, while there has been a notable increase in delivery volume, rising by 240.02% against the 5-day average, the overall performance remains weak, as it has underperformed its sector by 8.1%.
In the broader market context, Sharda Ispat's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 1.40% over the past week while Sharda Ispat has dropped 10.05%. Over the past month, the stock has decreased by 17.85%, contrasting sharply with the Sensex's 2.61% increase. Year-to-date, Sharda Ispat has seen a decline of 30.56%, while the Sensex has risen by 8.11%. This stark difference highlights the challenges faced by Sharda Ispat in the current market environment, contributing to its declining stock price.