Why is Swastik Pipe falling/rising?

As of 07-Jul, Swastik Pipe Ltd is experiencing a decline in its stock price, currently at Rs. 32.30, which reflects a decrease of Rs. 1.1 or 3.29%. The stock has recently hit a new 52-week low of Rs. 32.2 today and has underperformed its sector by 3.11%. Additionally, Swastik Pipe is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a decrease in investor participation, with delivery volume falling by 2.78% compared to the 5-day average. Over the past year, the stock has significantly underperformed, with a decline of 54.51%, while the benchmark Sensex has gained 4.68%.
In the broader market context, Swastik Pipe's short-term return over the past week is down 2.71%, contrasting sharply with the Sensex, which has only declined by 0.22%. This indicates that the stock is not only struggling in an absolute sense but is also lagging behind the overall market performance. The significant year-to-date decline of 39.63% further emphasizes the challenges faced by the company, especially in comparison to the Sensex's positive return of 7.68%. Overall, the combination of poor stock performance, reduced investor interest, and unfavorable comparisons to market benchmarks contributes to the ongoing decline in Swastik Pipe's stock price.