Why is Supertex Inds. falling/rising?

As of 08-Aug, Supertex Industries Ltd is experiencing a decline in its stock price, currently at 7.53, which represents a decrease of 0.46 or 5.76%. The stock has underperformed its sector today by 4.32% and has shown a trend reversal, falling after two consecutive days of gains. Additionally, Supertex is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, investor participation has significantly decreased, with delivery volume dropping by 99.52% compared to the 5-day average. The stock's performance over various periods has also been poor, with a year-to-date decline of 31.30% and a one-year decline of 30.21%, contrasting sharply with the Sensex, which has gained 2.20% and 1.23% over the same periods.
In the broader market context, Supertex's short-term performance has been notably worse than the benchmark, with a one-week decline of 7.61% compared to the Sensex's 0.92% drop. This underperformance highlights the stock's struggles relative to the overall market. The significant drop in delivery volume and the stock's position below key moving averages suggest a lack of investor confidence, which may be contributing to its downward trajectory. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to the benchmark indicates that Supertex Industries Ltd is facing considerable challenges in the current market environment.