Why is Standard Battery falling/rising?

As of 04-Aug, Standard Batteries Ltd is experiencing a decline in its stock price, currently at Rs 57.87, which reflects a decrease of Rs 2.23 or 3.71%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.19% during this period. It is also trading close to its 52-week low, just 4.96% above that threshold. Additionally, the stock has shown poor performance over the past week and month, with returns of -3.55% and -8.82%, respectively, compared to the Sensex, which has seen a slight increase of 0.16% and a decrease of 2.89% in the same periods. The stock is trading below all key moving averages, indicating a bearish trend, although there has been a notable increase in investor participation, with delivery volume rising significantly.
In the broader market context, Standard Batteries Ltd's recent performance has been notably weaker than the benchmark index, the Sensex. While the Sensex has shown a positive return of 3.69% year-to-date, Standard Batteries has declined by 22.53% in the same timeframe. This stark contrast highlights the stock's struggles relative to the overall market. The company's significant drop over the past year, with a decline of 38.14%, further emphasizes its underperformance compared to the Sensex, which has remained relatively flat with a 0.05% increase. The combination of these factors suggests that the stock is facing challenges that are not only company-specific but also reflective of broader market dynamics.