Why is Sonal Mercantile falling/rising?

As of 01-Oct, Sonal Mercantile Ltd is experiencing a decline in its stock price, currently at Rs 96.65, which represents a decrease of Rs 6.25 or 6.07%. The stock has underperformed its sector by 6.56% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 96.3, indicating a significant drop of 6.41%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also seen a drastic decline of 81.23% compared to the 5-day average, suggesting reduced investor participation. Over the past year, the stock has declined by 24.05%, while the benchmark Sensex has only fallen by 3.90%.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.37%, compared to a smaller drop of 0.90% in the Sensex. This indicates that Sonal Mercantile is not only underperforming against the benchmark but also struggling significantly in the market. The year-to-date performance reflects a substantial drop of 17.04% for Sonal Mercantile, contrasting sharply with the Sensex's gain of 3.64%. Overall, the combination of poor trading performance, low investor interest, and a significant decline in stock value relative to the benchmark suggests a challenging environment for Sonal Mercantile Ltd.