Why is Sprayking Ltd falling/rising?

As of 08-Aug, Sprayking Ltd's stock price is currently at Rs. 4.94, reflecting a decline of Rs. 0.07 or 1.4%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decrease of 5.18% during this period. Additionally, the stock hit a new 52-week low of Rs. 4.85 today. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 1.98%, and over the past month, it has dropped significantly by 17.11%. Year-to-date, the stock has plummeted by 54.26%, while its one-year return stands at a staggering -76.00%. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, the Sensex has shown a slight decline of 0.92% over the past week, which is less severe than Sprayking Ltd's performance. This suggests that the stock is underperforming relative to the benchmark index. The stock's year-to-date performance of -54.26% contrasts sharply with the Sensex's positive return of 2.20%, highlighting the significant challenges faced by Sprayking Ltd in the current market environment. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 16.41% against the 5-day average, which may further contribute to the stock's declining price.