Why is Shervani Indl Sy falling/rising?

As of 10-Nov, Shervani Industrial Syndicate Ltd is experiencing a decline in its stock price, currently at Rs 372.80, which reflects a decrease of Rs 31.9 or 7.88%. The stock has opened with a significant loss of 6.49% today and reached an intraday low of Rs 363.5, marking a drop of 10.18%. It has shown high volatility with an intraday volatility of 5.38% and has underperformed its sector by 7.83%. Over the past week, the stock has decreased by 7.95%, and its year-to-date performance shows a decline of 23.87%, indicating a consistent downward trend compared to the benchmark Sensex, which has increased by 6.91% during the same period. Additionally, the stock is trading below all major moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 98.69% against the 5-day average.
Broader Market Context: In the context of the broader market, Shervani Industrial Syndicate Ltd's recent performance contrasts sharply with the Sensex, which has shown a positive return of 1.25% over the past month. While the Sensex has been on an upward trajectory, Shervani's stock has faced substantial declines, highlighting a lack of investor confidence and poor performance relative to the market. The stock's year-over-year return of -28.72% further emphasizes its struggles in comparison to the Sensex's modest gain of 5.09%, suggesting that broader market conditions are not favoring this particular stock at this time.