Why is Shree Marutinand falling/rising?

As of 29-Sep, Shree Marutinandan Tubes Ltd is experiencing a decline in its stock price, currently at Rs 101.50, which represents a decrease of Rs 12.5 or 10.96%. The stock has underperformed its sector by 11.59% today and has fallen after two consecutive days of gains. It opened with a significant loss of 6.14% and reached an intraday low of Rs 101.2, reflecting a drop of 11.23%. Additionally, the stock's delivery volume has decreased by 73.68% compared to the 5-day average, indicating falling investor participation. Over the past year, the stock has seen a substantial decline of 53.34%, contrasting sharply with the Sensex, which has only fallen by 6.08%.
In the broader market context, while Shree Marutinandan Tubes Ltd has shown a positive return of 4.64% over the past week and 7.24% over the past month, these gains are overshadowed by its year-to-date performance, which is down 43.25%. The Sensex, in comparison, has increased by 2.85% year-to-date, highlighting the stock's underperformance relative to the market. The stock's current trading dynamics, including its movement relative to various moving averages, suggest a bearish trend, further compounded by the lack of available positive factors to support a price recovery.