Why is Sh.Renuka Sugar falling/rising?

As of 06-Aug, Shree Renuka Sugars Ltd is experiencing a decline in its stock price, currently at 29.42, which reflects a decrease of 0.44 or 1.47%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 2.1% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, there has been a rise in investor participation, with delivery volume increasing by 7.06% compared to the 5-day average, suggesting some interest in the stock despite its recent performance. The stock's performance over various periods shows a significant decline, with a year-to-date drop of 25.42% and a one-year decline of 34.17%, which may be contributing to the negative sentiment surrounding it.
In the broader market context, Shree Renuka Sugars Ltd's short-term performance has underperformed compared to the benchmark Sensex, which has only declined by 1.15% over the past week, while the stock itself has dropped by 4.08%. This underperformance is further highlighted by the stark contrast in year-to-date returns, with the stock down 25.42% compared to the Sensex's gain of 3.08%. The overall market conditions appear to be more favorable for the benchmark, which may be influencing investor sentiment and contributing to the stock's decline.