Why is SKP Bearing falling/rising?

As of 07-Aug, SKP Bearing Industries Ltd is experiencing a decline in its stock price, currently at Rs 210.25, which reflects a decrease of Rs 8.75 or 4.0%. The stock has underperformed its sector by 1.93% today and opened with a significant loss of 4.11%. Additionally, it reached an intraday low of Rs 210. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 88.64% compared to the 5-day average. Over the past week, the stock has declined by 3.02%, and year-to-date, it has dropped by 16.17%, contrasting with the Sensex's gain of 4.02%.
In the broader market context, while the Sensex has shown a slight decline of 0.70% over the past week, SKP Bearing's performance has been significantly worse, indicating that the stock is not only underperforming its sector but also lagging behind the overall market. The stock's year-to-date performance of -16.17% starkly contrasts with the Sensex's positive return, further highlighting the challenges faced by SKP Bearing. The erratic trading pattern, with the stock not trading on three days out of the last 20, adds to the uncertainty surrounding its market position. Overall, the combination of poor trading performance, declining investor interest, and underwhelming returns compared to the benchmark suggests a challenging environment for SKP Bearing Industries Ltd.