Why is Swastik Pipe falling/rising?

As of 08-Jul, Swastik Pipe Ltd's stock price is currently at Rs. 32.10, reflecting a decrease of Rs. 0.2 or 0.62%. The stock has hit a new 52-week low today, indicating significant downward pressure. Over the past week, the stock has underperformed, showing a decline of 4.75%, while its performance over the last month has been even more concerning with a drop of 14.85%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 71.43% compared to the 5-day average, indicating some interest despite the overall negative performance.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.08% over the past week, contrasting sharply with Swastik Pipe's significant losses. Year-to-date, the stock has fallen by 40.00%, while the Sensex has gained 7.94%, highlighting the stock's underperformance against the benchmark. This disparity in performance suggests that investor sentiment towards Swastik Pipe is weak, particularly as it continues to struggle against a backdrop of a generally stable market. The absence of any positive factors in the provided data further emphasizes the challenges faced by the company in regaining investor confidence.