Why is Sibar Auto Parts falling/rising?

As of 04-Nov, Sibar Auto Parts Ltd is experiencing a decline in its stock price, currently at Rs 8.64, which reflects a decrease of Rs 0.56 or 6.09%. The stock has been underperforming, having lost 8.67% over the last two days and is currently trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 4.98% above Rs 8.21. The delivery volume has significantly decreased, falling by 76.12% compared to the 5-day average, suggesting a drop in investor participation. The stock's performance over various periods shows a year-to-date decline of 31.97%, contrasting sharply with the Sensex, which has gained 6.81% in the same timeframe.
In the broader market context, Sibar Auto Parts has significantly underperformed compared to the benchmark Sensex, which has only declined by 1.38% over the past week while Sibar has dropped by 7.30%. This stark contrast highlights the stock's struggles relative to the market. Over the past month, Sibar's performance has also been negative, with a 9.05% decline compared to the Sensex's 2.77% increase. The overall market conditions appear to be more favorable, which further emphasizes the challenges faced by Sibar Auto Parts in attracting investor interest and maintaining its stock price.