Why is Sprayking Ltd falling/rising?

As of 06-Nov, Sprayking Ltd's stock price is currently at Rs. 1.90, reflecting a decrease of Rs. 0.06 or 3.06%. The stock has been underperforming, having hit a new 52-week low of Rs. 1.88 today. It has experienced consecutive declines over the last two days, resulting in a total drop of 3.55% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 2.56%, and year-to-date, it has plummeted by 64.81%, indicating significant underperformance compared to the Sensex, which has gained 6.62% during the same timeframe. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Sprayking Ltd's short-term performance has been notably worse than the benchmark, with a 1-week decline of 2.56% compared to the Sensex's drop of only 1.30%. The engineering sector, to which Sprayking belongs, has also seen a downturn, falling by 2.58%. Furthermore, there has been a significant decrease in investor participation, with delivery volume dropping by 59.12% against the 5-day average, suggesting reduced interest in the stock. This combination of factors contributes to the stock's current downward trajectory in a challenging market environment.