Why is Sharp India falling/rising?

As of 03-Nov, Sharp India Ltd's stock price is currently at 49.98, reflecting a decrease of 2.02, or 3.88%. The stock has been underperforming, having lost 7.27% over the last two days and is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). The stock opened with a loss of 2% today and reached an intraday low of Rs 49, indicating significant selling pressure. Despite a high of Rs 53.35 earlier in the day, the overall performance has been negative, with a 1-week return of -3.14% compared to the Sensex's -0.94%. Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 136.81% against the 5-day average, this has not translated into positive price movement.
Broader Market Context: In the context of the broader market, Sharp India's recent performance contrasts sharply with the Sensex, which has gained 3.41% over the past month. The stock's decline of 7.44% over the last month further emphasizes its underperformance relative to the benchmark. The overall market sentiment appears to be more favorable, as indicated by the Sensex's positive returns year-to-date and over the past year, while Sharp India has struggled significantly over a 3-year period, with a decline of 25.46%. This broader market context suggests that external factors may be favoring other stocks, contributing to Sharp India's ongoing challenges.