Why is Sri Nacha. Cott. falling/rising?

As of 06-Oct, Sri Nachammai Cotton Mills Ltd is experiencing a decline in its stock price, currently at Rs 32.19, which reflects a decrease of Rs 1.18 or 3.54%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 10.26% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 4.91% away from Rs 30.61. Despite a notable intraday high of Rs 34.98, the overall performance today has underperformed the sector by 2.98%. Furthermore, while there has been a significant increase in delivery volume, this positive factor does not seem to be enough to counteract the recent downward price movement.
In the broader market context, the stock's performance over the past week shows a decline of 8.03%, contrasting sharply with the Sensex, which has gained 1.77% during the same period. Year-to-date, Sri Nachammai Cotton Mills Ltd has seen a substantial drop of 23.90%, while the benchmark has risen by 4.67%. This stark difference highlights the company's struggles relative to the overall market. The negative sentiment surrounding the stock, compounded by its recent performance and the broader market's positive trajectory, suggests that investor confidence may be waning, contributing to the ongoing decline in its stock price.