Why is Standard Battery falling/rising?

As of 23-Sep, Standard Batteries Ltd is experiencing a decline in its stock price, currently at Rs 60.00, which reflects a decrease of Rs 1.74 or 2.82%. The stock has underperformed its sector by 1.24% today and has fallen after two consecutive days of gains. It opened with a significant loss of 3.79%, reaching an intraday high of Rs 64.8 and a low of Rs 59.4. In terms of returns, the stock has shown a year-to-date decline of 19.68% and a one-year decline of 28.49%, contrasting with the Sensex, which has increased by 5.07% and decreased by 3.33% over the same periods. The stock's moving averages indicate it is currently lower than the 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Additionally, while there has been a notable increase in investor participation with a delivery volume rise of 217.54%, the overall sentiment appears to be negative.
Broader Market Context: In the short term, Standard Batteries Ltd has outperformed the Sensex over the past week with a return of 1.85% compared to the benchmark's decline of 0.34%. However, the stock's year-to-date and one-year performances are significantly worse than the broader market, indicating a lack of confidence among investors despite some recent positive trading activity. The liquidity of the stock remains adequate for trading, but the overall downward trend and recent price movements suggest that investors are cautious, leading to the current decline in stock price.