Why is Sharp India falling/rising?

As of 16-Oct, Sharp India Ltd's stock price is currently at Rs 53.50, reflecting a decline of Rs 3.45 or 6.06%. The stock has underperformed its sector by 7.14% today and has experienced a trend reversal, falling after two consecutive days of gains. It opened with a significant loss of 6.39% and reached an intraday low of Rs 53.31. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also decreased, with delivery volume dropping by 36.57% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, Sharp India’s performance over the past week shows a decline of 1.35%, while the Sensex has increased by 1.58%. Over the past month, the stock has fallen by 6.48%, contrasting with a 1.32% rise in the benchmark index. This underperformance highlights a significant divergence between Sharp India and the overall market, which may be contributing to the stock's downward pressure. The lack of positive factors in the dashboard further emphasizes the challenges the company is facing in the current market environment.