Why is Sunita Tools Ltd falling/rising?

As of 22-Jul, Sunita Tools Ltd is experiencing a decline in its stock price, currently at Rs 770.00, which represents a decrease of Rs 20.0 or 2.53%. The stock has underperformed its sector by 1.9% today and has been on a downward trend for the last two days, accumulating a total loss of 3.75% during this period. Additionally, the stock opened with a loss of 2.53% and reached an intraday low of Rs 766, indicating significant selling pressure. Over the past week, the stock has decreased by 4.94%, and over the past month, it has fallen by 7.35%, contrasting with a year-to-date performance that shows a decline of 4.18%. Notably, while the stock is currently trading above its 50-day and 200-day moving averages, it is below its 5-day, 20-day, and 100-day moving averages. There is a notable increase in investor participation, with delivery volume rising by 95.65% compared to the 5-day average, suggesting some interest despite the price drop.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight decline of 0.47% over the past week and 0.27% over the past month. This indicates that the overall market sentiment is not as negative as the performance of Sunita Tools Ltd, which has significantly underperformed the benchmark. Year-to-date, while the stock has declined, the Sensex has gained 5.18%, highlighting a divergence in performance between the stock and the broader market. This underperformance could be attributed to specific challenges faced by Sunita Tools Ltd, although details on positive or negative factors impacting the stock are not available.