Why is Sportking India falling/rising?

As of 29-Sep, Sportking India Ltd is experiencing a decline in its stock price, currently at Rs 98.45, which represents a decrease of 2.25 or 2.23%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 10.46% during this period. Despite opening with a gain of 2.14% today and reaching an intraday high of Rs 103.2, it ultimately touched a low of Rs 97.35. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 131% against the 5-day average, the overall performance remains weak, as reflected in the stock's year-to-date return of -5.41%.
In the broader market context, Sportking India's recent performance contrasts sharply with the benchmark Sensex, which has shown a year-to-date gain of 2.85%. Over the past week, Sportking has underperformed the Sensex by 7.75%, with a decline of 9.93% compared to the benchmark's drop of only 2.18%. This significant underperformance highlights the stock's struggles in the current market environment, where it has not only lagged behind the benchmark but also faced substantial losses over the past year, down 13.83% compared to the Sensex's decline of 6.08%.