Why is Sreeleathers falling/rising?

As of 06-Nov, Sreeleathers Ltd. is experiencing a decline in its stock price, currently at Rs 222.10, which represents a decrease of Rs 2.3 or 1.02%. The stock has been underperforming, having lost 3.22% over the last five days and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is 4.86% away from its 52-week low of Rs 211.3. The delivery volume has also seen a significant drop, falling by 49.38% compared to the 5-day average, indicating reduced investor participation. The stock's year-to-date performance shows a decline of 13.36%, while its one-year return is down by 13.81%, reflecting a consistent downward trend.
In the broader market context, Sreeleathers' short-term performance has been notably worse than the benchmark Sensex, which has decreased by only 1.30% over the past week, while Sreeleathers has fallen by 3.06%. This underperformance is further highlighted by the stock's negative returns over various periods compared to the Sensex, which has gained 6.62% year-to-date and 3.65% over the past year. The overall market sentiment appears to be more favorable towards the benchmark, contributing to Sreeleathers' struggles in maintaining investor confidence and price stability.