Why is Sunita Tools Ltd falling/rising?

As of 04-Aug, Sunita Tools Ltd is experiencing a decline in its stock price, currently at Rs 690.50, which reflects a decrease of Rs 23.9 or 3.35%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -8.17% during this period. Today, it opened with a loss of 4.11% and reached an intraday low of Rs 681.5, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 62.62% compared to the 5-day average, indicating reduced interest from investors.
In the broader market context, Sunita Tools Ltd's performance over the past week shows a decline of 9.86%, while the benchmark Sensex has increased by 0.16%, highlighting a significant underperformance relative to the market. Over the past month, the stock has decreased by 16.04%, contrasting with a smaller decline of 2.89% in the Sensex. Year-to-date, Sunita Tools Ltd has fallen by 14.07%, while the Sensex has gained 3.69%, further emphasizing the stock's struggles in comparison to the overall market trends.