Why is Sparc Electrex falling/rising?

As of 07-Nov, Sparc Electrex Ltd is currently priced at 6.25, reflecting a decrease of 0.01, or 0.16%. The stock has been experiencing a downward trend, having lost value for the last two consecutive days, resulting in a total decline of 4.43% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Furthermore, investor participation has significantly decreased, with delivery volume dropping by 75.09% compared to the 5-day average. The stock's year-to-date performance shows a substantial decline of 55.99%, while it has fallen 53.94% over the past year, suggesting ongoing challenges for the company.
In the broader market context, Sparc Electrex's short-term performance over the past week has been notably worse than the benchmark Sensex, which has only declined by 0.86% during the same period, while Sparc Electrex has fallen by 2.50%. This underperformance highlights the stock's struggles relative to the overall market. Despite a positive return of 2.12% over the past month, the significant year-to-date and yearly declines indicate that the stock is facing considerable headwinds, contrasting with the Sensex's positive performance of 6.50% year-to-date and 4.62% over the past year.