Why is SP Refractories falling/rising?

As of 12-Sep, SP Refractories Ltd is experiencing a decline in its stock price, currently at 114.00, which reflects a decrease of 6.0 or 5.0%. The stock has underperformed its sector by 4.93% today and 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 72.22% compared to the 5-day average. Over the past week, the stock has decreased by 9.67%, and it has seen a substantial decline of 34.80% year-to-date, indicating a persistent downward trend without any available positive factors to counterbalance this performance.
In the broader market context, the Sensex has shown a positive return of 1.51% over the past week, contrasting sharply with SP Refractories' negative performance. While the benchmark has gained 2.56% over the past month and 6.21% year-to-date, SP Refractories has faced significant losses, highlighting a stark divergence between the company's performance and the overall market trend. This underperformance relative to the benchmark suggests that investor sentiment towards SP Refractories is weak, further contributing to its declining stock price.