Why is Swashthik Plas. falling/rising?

As of 06-Oct, Swashthik Plascon Ltd is experiencing a decline in its stock price, currently at Rs 39.00, which represents a decrease of 1.0 or 2.5%. The stock has underperformed its sector by 1.79% today and has touched an intraday low of Rs 39. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 21.93% compared to the 5-day average. Over the past week, the stock has decreased by 2.77%, and year-to-date, it has plummeted by 50.70%, reflecting a challenging performance relative to the benchmark.
In the broader market context, the Sensex has shown a positive return of 1.77% over the past week and a 4.67% increase year-to-date, highlighting a stark contrast to Swashthik Plascon's negative performance. The stock's significant underperformance against the benchmark suggests that investor sentiment may be shifting away from it, particularly given the broader market's upward trajectory. The lack of available positive factors further emphasizes the challenges faced by the company, contributing to its declining stock price amidst a generally favorable market environment.