Why is Swastik Pipe falling/rising?

As of 22-Sep, Swastik Pipe Ltd is experiencing a decline in its stock price, currently at Rs 31.70, which reflects a decrease of Rs 1.3 or 3.94%. The stock has underperformed significantly, with a 1-week return of -3.94%, a 1-month return of -5.37%, and a year-to-date decline of 40.75%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 4.42% away from Rs 30.3. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 58.33% compared to the 5-day average, suggesting decreased interest from investors.
In the broader market context, the Sensex has shown a positive return of 0.53% over the past week, contrasting sharply with Swastik Pipe's negative performance. This divergence highlights the stock's struggles relative to the overall market, which has been performing better. The negative sentiment surrounding Swastik Pipe is compounded by its significant underperformance over the past year, where it has declined by 50.08% compared to a slight decrease of 2.28% in the Sensex. Overall, the combination of poor stock performance, low investor engagement, and unfavorable comparisons to the benchmark indicates a challenging environment for Swastik Pipe Ltd.