Why is Supertex Inds. falling/rising?

As of 29-Oct, Supertex Industries Ltd is experiencing a decline in its stock price, currently at Rs 6.50, which represents a decrease of Rs 0.5 or 7.14%. The stock has underperformed significantly, with a 1-week return of -6.74% and a 1-month return of -9.22%, while the benchmark Sensex has shown positive returns of +0.68% and +5.76% respectively over the same periods. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. It is also close to its 52-week low, just 2.77% away from Rs 6.32. Despite a rise in investor participation, with delivery volume increasing by 8.22% against the 5-day average, the overall sentiment remains negative.
Broader Market Context: The broader market context shows that Supertex Industries Ltd is not only underperforming against the Sensex but also has a year-to-date return of -40.69% compared to the benchmark's positive return of +8.78%. This stark contrast highlights the challenges faced by the company in the current market environment. The liquidity of the stock remains adequate for trading, but the significant underperformance relative to both the sector and the benchmark suggests that investor confidence is low, contributing to the ongoing decline in the stock price.