Why is Srigee DLM falling/rising?

As of 10-Sep, Srigee DLM Ltd's stock price is currently at Rs. 157.90, reflecting a decline of Rs. 8.3 or 4.99%. The stock has recently hit a new 52-week low and has been on a downward trend, losing 9.72% over the last two days. It opened with a loss of 4.03% today and reached an intraday low of Rs. 157.90. The stock has underperformed its sector by 4.62%, and it is trading below all key moving averages, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 36.8% compared to the five-day average, which suggests a lack of confidence among investors.
Broader market context shows that Srigee DLM's performance has been notably poor in the short term, with a 1-week return of -14.65%, while the Sensex has gained 1.06% during the same period. This stark contrast highlights the stock's struggle against the broader market. Over the past month, the stock has declined by 39.61%, while the Sensex has increased by 1.96%. The overall liquidity of the stock appears adequate for trading, but the significant negative returns and falling investor interest indicate a challenging environment for Srigee DLM Ltd.