Why is SP Refractories falling/rising?

As of 02-Sep, SP Refractories Ltd is experiencing a decline in its stock price, currently at 126.20, which represents a decrease of 6.55 or 4.93%. The stock has underperformed its sector by 5.46% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 79.17% compared to the 5-day average. Over the past week, the stock has decreased by 9.66%, and it has shown a year-to-date decline of 27.82%, indicating a consistent downward trend.
In the broader market context, the Sensex has only declined by 0.54% over the past week, suggesting that SP Refractories' performance is significantly weaker compared to the overall market. While the stock has shown a strong performance over the past three years with a return of 55.80%, its recent performance has been disappointing, with a 30.54% decline over the past year. This stark contrast highlights the challenges SP Refractories is facing relative to the benchmark, which has seen a modest increase of 3.95% year-to-date. Overall, the combination of poor trading performance, reduced investor interest, and a significant underperformance against the benchmark indicates a troubling outlook for SP Refractories Ltd.