Why is Swadeshi Polytex falling/rising?

As of 04-September, Swadeshi Polytex Ltd is experiencing a decline in its stock price, currently at Rs 66.51, which reflects a decrease of Rs 3.49 or 4.99%. Today's price summary indicates that the stock opened significantly lower, with a gap down of 5.54%, and reached an intraday low of Rs 66.12. Additionally, the stock has underperformed its sector by 3.92%. The recent trading volume has shown a notable decrease, with delivery volume dropping by 88.25% compared to the five-day average, suggesting a lack of investor interest. Over the past year, the stock has seen a substantial decline of 38.93%, contrasting with a positive year-to-date return of 4.44% over the last month.
In the broader market context, the Sensex has shown a modest gain of 0.80% over the past week, while Swadeshi Polytex has outperformed this benchmark with a return of 1.88%. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 3.30%. This discrepancy highlights the challenges faced by Swadeshi Polytex, particularly in light of its substantial year-over-year decline and the recent drop in investor participation, which may be contributing to the current downward pressure on its stock price.