Why is SMVD Poly Pack falling/rising?

As of 02-Sep, SMVD Poly Pack Ltd is experiencing a decline in its stock price, currently at Rs. 7.60, which represents a decrease of 0.7 or 8.43%. The stock has hit a new 52-week low today and is underperforming its sector by 9.14%. Additionally, SMVD Poly Pack is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 8.43%, and its year-to-date performance shows a significant decline of 37.19%. The lack of positive factors in the dashboard suggests that there are no recent developments to counteract this downward trend.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex showing a slight decline of only 0.54% over the same week. While SMVD Poly Pack has faced substantial losses over the past month and year, the benchmark has remained relatively stable, highlighting the stock's underperformance. The stark contrast in returns, particularly the 1-year decline of 43.49% for SMVD Poly Pack compared to a minor drop of 2.77% for the Sensex, further emphasizes the challenges the company is facing in the current market environment.