Why is Swastik Pipe falling/rising?

As of 24-Sep, Swastik Pipe Ltd is experiencing a decline in its stock price, currently at Rs 31.65, which reflects a decrease of Rs 1.15 or 3.51%. The stock has underperformed significantly, with a 1-week return of -1.25% compared to the Sensex's -1.08%, and a 1-month return of -5.52% against the Sensex's positive return of +0.75%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The delivery volume has also decreased by 26.47% compared to the 5-day average, suggesting a drop in investor participation. Notably, the stock is close to its 52-week low, being only 4.27% away from Rs 30.3.
Broader Market Context: In the context of the overall market, the Sensex has shown resilience with a year-to-date return of +5.97%, while Swastik Pipe has drastically underperformed with a year-to-date decline of -40.84%. This stark contrast highlights the challenges faced by Swastik Pipe in attracting investor interest amidst a generally positive market environment. The lack of available positive factors further compounds the stock's struggles, as there are no indications of upcoming catalysts that could reverse its current downward trajectory.