Why is Shine Fashions falling/rising?

As of 08-Sep, Shine Fashions (India) Ltd is experiencing a decline in its stock price, currently at Rs 47.50, which represents a decrease of 2.4 or 4.81%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 10.38%. Today, it opened with a loss of 3.81% and reached an intraday low of Rs 47.50. Additionally, the stock has shown negative returns over the past week and month, with declines of 6.86% and 16.08%, respectively. It is noteworthy that the stock's performance today has underperformed its sector by 2.55%, and there has been a significant drop in investor participation, with delivery volume decreasing by 27.71% compared to the 5-day average.
In the broader market context, the Sensex has shown a positive return of 0.53% over the past week and 1.16% over the past month, contrasting sharply with Shine Fashions' negative performance. While the stock has outperformed the benchmark over the past year with a gain of 21.79%, its recent short-term performance indicates a significant divergence from the market trend. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, suggesting a potential bearish sentiment among investors. Overall, the combination of recent price declines, reduced trading activity, and a lack of positive factors has contributed to the stock's downward movement.