Why is Srigee DLM falling/rising?

As of 02-Jul, Srigee DLM Ltd is experiencing a decline in its stock price, currently at Rs 258.15, which reflects a decrease of Rs 11.6 or 4.3%. The stock has been underperforming, having fallen for the last three days with a total return decline of 8.78%. Today, it opened with a loss of 2.13% and reached an intraday low of Rs 258.15. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 19.2% compared to the 5-day average, suggesting a drop in investor participation.
In the broader market context, while the Sensex has gained 0.79% over the past week, Srigee DLM has seen a much steeper decline of 10.98% during the same period. The consumer durables sector, particularly electronics, has shown positive movement with a gain of 3.06%, contrasting with Srigee DLM's performance. This divergence highlights the stock's struggles against a backdrop of sector growth, further contributing to its recent price drop.