Why is SKP Bearing falling/rising?

As of 11-Jul, SKP Bearing Industries Ltd is experiencing a decline in its stock price, currently at 213.15, which reflects a decrease of 4.85 or 2.22%. The stock has underperformed its sector by 1.03% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has significantly dropped by 79.34% compared to the 5-day average, indicating a falling investor participation. Over the past week, the stock has decreased by 2.47%, and it has shown a year-to-date decline of 15.01%, while the benchmark Sensex has increased by 6.37% during the same period.
In the broader market context, the stock's performance has been notably weaker than the Sensex, which has only declined by 1.22% over the past week. This stark contrast highlights the challenges faced by SKP Bearing, as it has not only underperformed in the short term but also over the past month and year. The lack of available positive or negative factors further complicates the outlook for the stock, suggesting that external influences or company-specific news may not be currently impacting investor sentiment. Overall, the combination of poor performance metrics and declining investor interest contributes to the downward trend in SKP Bearing's stock price.