Why is Standard Battery falling/rising?

As of 17-Jul, Standard Batteries Ltd is experiencing a decline in its stock price, currently at 62.40, which reflects a decrease of 1.05 or 1.65%. The stock has underperformed its sector today by 1.82% and has fallen after two consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of returns, the stock has seen a significant decline of 16.47% year-to-date and 23.47% over the past year, contrasting with the Sensex's positive performance of 5.27% and 1.91% respectively. While there has been a rise in investor participation, with delivery volume increasing by 47.19% against the 5-day average, the overall negative returns suggest a challenging environment for the stock.
Broader Market Context: In the short term, Standard Batteries Ltd has underperformed compared to the Sensex, with a 1-week return of -0.95% against the benchmark's -1.12%. This indicates that while both the stock and the benchmark are experiencing declines, the stock is slightly better positioned relative to the broader market. However, the significant year-to-date and yearly losses highlight a more severe downturn for Standard Batteries Ltd compared to the overall market performance. The liquidity of the stock remains adequate for trading, but the persistent negative trends and underperformance against the benchmark suggest ongoing challenges for investors.