Why is Swastik Pipe falling/rising?

As of 08-Aug, Swastik Pipe Ltd's stock price is currently at Rs. 30.80, reflecting a decrease of Rs. 0.65 or 2.07%. The stock has recently hit a new 52-week low of Rs. 30.3, indicating significant downward pressure. It is underperforming its sector by 0.78% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 31.03% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 53.33%, while the benchmark Sensex has only increased by 1.02%.
In the broader market context, Swastik Pipe's short-term performance has been relatively better than the benchmark, with a 1-week return of -0.32% compared to the Sensex's -0.82%. However, the stock's year-to-date performance shows a stark contrast, with a decline of 42.43% against the Sensex's gain of 3.04%. This indicates that while the stock may be faring slightly better in the very short term, its overall trajectory remains negative, reflecting broader challenges faced by the company. The lack of available positive factors further underscores the difficulties Swastik Pipe is experiencing in the current market environment.