Why is Shrenik falling/rising?

As of 08-Aug, Shrenik Ltd's stock price is currently flat at Rs 0.56, with no change in percentage terms. The stock has shown a performance of -5.08% over the past month and a significant decline of -30.00% year-to-date. Today's price summary indicates that the stock is close to its 52-week low, being only 3.51% away from Rs 0.55. Additionally, the stock has outperformed its sector by 2.07% today. However, it is important to note that investor participation is falling, with delivery volume decreasing by 55.65% compared to the 5-day average, and the stock is trading below several moving averages, indicating a bearish trend.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 0.82% over the past week, Shrenik Ltd's performance has been relatively stable, maintaining a flat position. However, over a longer timeframe, Shrenik's returns have significantly lagged behind the Sensex, with a decline of -71.28% over the past three years compared to the benchmark's gain of 39.02%. This stark contrast highlights the challenges faced by Shrenik Ltd in the broader market context, as it continues to struggle against both sector performance and overall market trends.