Why is SKP Bearing falling/rising?

As of 31-Jul, SKP Bearing Industries Ltd is experiencing a decline in its stock price, currently at 216.80, which represents a decrease of 8.15 points or 3.62%. The stock has underperformed its sector by 2.94% today, and while it is higher than its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 32.84% compared to the 5-day average. Over the past week, the stock has shown a positive return of 2.72%, but it has a year-to-date decline of 13.56%, indicating a challenging performance overall.
In the broader market context, the Sensex has declined by 1.17% over the past week, which suggests that the stock's short-term performance is relatively better compared to the benchmark. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 4.75% during the same period. This contrast highlights the stock's struggles despite a favorable comparison in the short term. Overall, the combination of declining investor interest and underperformance against both the sector and the benchmark contributes to the stock's current downward trend.