Why is Swadeshi Polytex falling/rising?

As of 24-Jun, Swadeshi Polytex Ltd is experiencing a decline in its stock price, currently at Rs 66.67, which represents a decrease of 1.36 or 2.0%. The stock has been underperforming significantly, having fallen for six consecutive days, resulting in a total decline of 11.38% during this period. It opened with a loss of 2% today and reached an intraday low of Rs 66.67. Additionally, the stock's performance over the past week shows a decline of 9.58%, and year-to-date, it has decreased by 27.67%. Notably, investor participation has also dropped, with delivery volume falling by 90.87% compared to the five-day average, indicating a lack of interest from investors.
In the broader market context, the Sensex has shown resilience, gaining 0.58% over the past week and 5.01% year-to-date, contrasting sharply with Swadeshi Polytex's negative returns. This divergence highlights the stock's struggle against a generally positive market backdrop. Despite the stock being higher than its 50-day and 100-day moving averages, it remains below its 5-day, 20-day, and 200-day moving averages, suggesting a bearish trend. The absence of any positive factors in the provided data further emphasizes the challenges faced by Swadeshi Polytex in the current market environment.