Why is SP Refractories falling/rising?

As of 17-Sep, SP Refractories Ltd is currently priced at 108.30, with no change in price (0.00%). The stock has underperformed its sector by 0.77% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 9.75%, and it has experienced significant losses over the past month and year, with returns of -26.33% and -46.89%, respectively. Despite these declines, there has been a notable increase in investor participation, with delivery volume rising by 114.29% against the 5-day average, suggesting some interest in the stock despite its poor performance.
In the broader market context, the Sensex has shown a positive return of 1.43% over the past week and 2.84% over the past month, contrasting sharply with SP Refractories' negative returns. This indicates that while the overall market is performing well, SP Refractories is struggling significantly. The company's year-to-date performance is also concerning, with a decline of 38.06% compared to the Sensex's gain of 7.13%. The lack of available positive or negative factors further complicates the outlook for SP Refractories, as there are no specific catalysts mentioned that could influence a turnaround in its stock price.