Why is Shree Marutinand falling/rising?

As of 30-Sep, Shree Marutinandan Tubes Ltd is experiencing a decline in its stock price, currently at Rs 95.00, reflecting a decrease of Rs 6.5 or 6.4%. The stock has underperformed its sector by 5.81% today and has been on a downward trend for the last two days, with a total drop of 16.67% during this period. It opened with a loss of 3.45% and reached an intraday low of Rs 95. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 130.77% against the 5-day average, the overall performance remains weak, and no positive factors are available to counterbalance the negative sentiment.
In the broader market context, Shree Marutinandan Tubes Ltd has seen a 7.77% decline over the past week, while the benchmark Sensex has only decreased by 2.23%. Over the past month, the stock has shown a slight increase of 0.37%, compared to a 0.57% rise in the Sensex. However, year-to-date, the stock has significantly underperformed with a drop of 46.88%, while the Sensex has gained 2.72%. This stark contrast in performance highlights the challenges faced by Shree Marutinandan Tubes Ltd in the current market environment, contributing to the ongoing decline in its stock price.