Why is Standard Inds. falling/rising?

As of 18-Nov, Standard Industries Ltd is experiencing a decline in its stock price, currently at Rs. 17.10, which reflects a decrease of Rs. 0.19 or 1.1%. The stock has hit a new 52-week low of Rs. 16.5 today and has underperformed its sector by 0.54%. Additionally, Standard Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.87%, and it has significantly underperformed over longer periods, with a year-to-date decline of 38.60% compared to the Sensex's gain of 8.36%. While there has been a notable increase in investor participation, with delivery volume rising by 101.24% against the 5-day average, the overall performance remains weak.
In the broader market context, the Sensex has shown resilience, gaining 0.96% over the past week, while Standard Industries has struggled to keep pace. The stark contrast between the stock's performance and the benchmark highlights the challenges faced by Standard Industries, particularly as it has underperformed significantly over the past month and year. The liquidity of the stock remains adequate for trading, but the persistent decline in price and the recent new low suggest a lack of investor confidence, further exacerbating its downward trajectory in a market that is otherwise showing positive momentum.