Why is Swadeshi Polytex falling/rising?

As of 19-Sep, Swadeshi Polytex Ltd is experiencing a decline in its stock price, currently at Rs 63.40, which reflects a decrease of Rs 1.87 or 2.87%. The stock has underperformed its sector by 3.07% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 62.1, marking a drop of 4.86%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of returns, the stock has seen a significant decline of 31.22% year-to-date and 39.33% over the past year, contrasting with a modest 5.74% gain in the broader market during the same period. There is a slight increase in investor participation, with delivery volume rising by 4.29% against the 5-day average, but this has not been enough to counteract the overall downward movement.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, while Swadeshi Polytex has declined by 4.30% in the same timeframe. This stark contrast highlights the stock's underperformance relative to the benchmark. The stock's liquidity appears sufficient for trading, as it accounts for 2% of the 5-day average traded value, but the overall negative sentiment surrounding the stock, compounded by its recent price movements and historical performance, suggests that investors are cautious.