Why is SP Apparels falling/rising?

As of 08-Aug, SP Apparels Ltd. is experiencing a decline in its stock price, currently at Rs 738.00, which reflects a decrease of Rs 3.4 or 0.46%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 5.49% during this period. Additionally, the stock opened lower today, with a gap down of 2.21%, and reached an intraday low of Rs 725. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the negative performance, there has been a rise in investor participation, with delivery volume increasing by 10.82% compared to the 5-day average, suggesting some interest in the stock despite its recent declines. There is no information available regarding positive or negative factors that could further explain the stock's movement.
In the broader market context, SP Apparels has underperformed compared to the benchmark Sensex over various time frames. Over the past week, the stock has declined by 6.12%, while the Sensex fell only 0.92%. In the last month, SP Apparels has dropped 11.06%, compared to a 4.60% decline in the Sensex. Year-to-date, the stock is down 19.64%, contrasting sharply with the Sensex's gain of 2.20%. This significant underperformance relative to the benchmark may contribute to investor sentiment and the stock's current price decline.