Why is Sri Lak.Sar.Arni falling/rising?

As of 13-Oct, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at Rs 36.26, which reflects a decrease of 3.19 or 8.09%. The stock has been underperforming significantly, having fallen consecutively for the last three days with a total return drop of 16.39%. Despite opening with a gain of 8.75% today and reaching an intraday high of Rs 42.9, it also touched a low of Rs 36.01, indicating high volatility with an intraday fluctuation of 8.72%. The stock's performance over the past week, month, and year has also been negative, with returns of -4.07%, -8.20%, and -5.99%, respectively, compared to the Sensex, which has shown positive returns in the same periods. Additionally, the stock is trading below all its moving averages, and there has been a significant drop in investor participation, with delivery volume decreasing by 81.46% against the five-day average.
Broader Market Context: In the context of the broader market, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.66% over the past week and 5.36% year-to-date. This underperformance highlights the challenges faced by Sri Lakshmi Saraswathi Textiles (Arni) Ltd relative to the overall market. The company's liquidity appears adequate for trading, but the significant drop in delivery volume suggests waning investor interest, which could further exacerbate the stock's decline. Overall, the combination of negative stock-specific factors and a relatively stable broader market context contributes to the downward pressure on the stock price.