Why is Sh.Renuka Sugar falling/rising?

As of 05-Aug, Shree Renuka Sugars Ltd is experiencing a decline in its stock price, currently at 29.86, down by 0.19 or 0.63%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a decrease in investor participation, with delivery volume falling by 5.39% compared to the 5-day average. Over the past week, the stock has decreased by 2.61%, and it has seen a significant decline of 24.31% year-to-date, contrasting sharply with the Sensex, which has gained 3.29% in the same period.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-month decline of 9.16% compared to the Sensex's 3.26% drop. This trend reflects a broader struggle for Shree Renuka Sugars Ltd, as it has underperformed the market over various time frames, including a 34.50% decline over the past year. The lack of available positive or negative factors further complicates the outlook, suggesting that the stock's recent movement may be influenced by broader market sentiments rather than specific company news.