Why is SPL Industries falling/rising?

As of 06-Nov, SPL Industries Ltd is experiencing a decline in its stock price, currently at Rs 39.80, which reflects a decrease of Rs 2.6 or 6.13%. The stock has been underperforming, having lost 9.55% over the last two days and opening with a loss of 5.42% today. In terms of performance against benchmarks, the stock has seen a significant drop of 33.57% year-to-date and a 30.90% decline over the past year, while it has outperformed the Sensex by 2.05% over the past month. Despite a rise in investor participation, with delivery volume increasing by 23.12% against the 5-day average, the stock remains below its 5-day, 100-day, and 200-day moving averages, indicating a bearish trend.
Broader market context shows that while the Sensex has only declined by 1.30% over the past week, SPL Industries has fallen by 7.12%, highlighting its underperformance relative to the broader market. The stock's liquidity remains adequate for trading, but the consistent downward movement and significant year-to-date losses suggest a lack of investor confidence. The absence of positive factors in the dashboard further emphasizes the challenges the company faces, contributing to the ongoing decline in its stock price.