Why is Swarnsarita Jewel falling/rising?

As of 09-Oct, Swarnsarita Jewels India Ltd is experiencing a decline in its stock price, currently at 31.00, reflecting a decrease of 0.83 or 2.61%. The stock has underperformed its sector by 2.19% today and has been on a consecutive downward trend for the last two days, with a total decline of 2.67% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 54.55% compared to the 5-day average, suggesting reduced investor participation. The stock's year-to-date performance shows a substantial decline of 24.39%, and over the past year, it has fallen by 40.38%, further highlighting its recent struggles.
In the broader market context, the Sensex has shown positive movement, gaining 1.47% over the past week and 1.32% over the past month, contrasting sharply with Swarnsarita's 6.15% decline over the same week and a slight 0.16% drop over the month. This disparity indicates that while the overall market is performing well, Swarnsarita Jewels is lagging significantly behind, which may be contributing to the negative sentiment surrounding the stock. The broader market's positive returns, coupled with Swarnsarita's poor performance, suggest that external factors are favoring other investments, leading to a lack of confidence in Swarnsarita Jewels.