Why is Steel Exchange falling/rising?

As of 07-Nov, Steel Exchange India Ltd is experiencing a decline in its stock price, currently at 8.99, which represents a decrease of 0.25 or 2.71%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total decline of 9.1% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 19.41% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has underperformed the benchmark, with a decline of 19.73% compared to the Sensex's increase of 4.62%.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 8.08% compared to the Sensex's modest drop of 0.86%. This stark contrast highlights the stock's struggles relative to the overall market. While the Sensex has shown resilience with a 1-month gain of 1.57%, Steel Exchange has faced a significant 13.14% decline in the same timeframe. The lack of positive factors reported further emphasizes the challenges the stock is facing, contributing to its downward trajectory amidst a generally stable market environment.