Why is Somi Conv.Belt. falling/rising?

As of 17-Nov, Somi Conveyor Beltings Ltd is experiencing a decline in its stock price, currently at 141.10, which represents a decrease of 14.1 or 9.09%. The stock has underperformed its sector by 7.57% today and has fallen after four consecutive days of gains. It opened with a loss of 3.38% and reached an intraday low of Rs 139.2, reflecting a drop of 10.31%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 14.73% against the 5-day average, the overall performance remains weak, with year-to-date returns down by 30.15% compared to a positive 8.72% for the benchmark.
In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -6.03%, while the Sensex has gained 1.69% in the same period. This stark contrast highlights the stock's struggle to keep pace with the broader market. The high volatility observed today, with an intraday volatility of 5.5%, further emphasizes the uncertainty surrounding the stock. Overall, the combination of negative price movements, underperformance relative to the benchmark, and the bearish trend in moving averages contribute to the ongoing decline in Somi Conveyor Beltings Ltd's stock price.