Why is Suraj Products falling/rising?

As of 19-Nov, Suraj Products Ltd. is experiencing a decline in its stock price, currently at Rs 288.75, which reflects a decrease of Rs 11.4 or 3.8%. The stock has underperformed its sector by 2.24% today and has fallen after three consecutive days of gains. It reached an intraday high of Rs 307.9 but also touched a low of Rs 285.15, indicating significant volatility. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, investor participation has decreased, with delivery volume falling by 7.37% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, Suraj Products has underperformed significantly compared to the Sensex, with a 1-week return of -6.45% against the benchmark's +0.85%. Over the past month, the stock has declined by 24.99%, while the Sensex has increased by 1.47%. Year-to-date, Suraj Products has seen a substantial drop of 39.78%, contrasting sharply with the Sensex's gain of 9.02%. This stark difference in performance highlights the challenges faced by Suraj Products in the current market environment, contributing to its declining stock price.