Why is Swastik Pipe falling/rising?

As of 30-Sep, Swastik Pipe Ltd is experiencing a decline in its stock price, currently at Rs 30.00, which reflects a decrease of Rs 0.1 or 0.33%. The stock is trading close to its 52-week low, just 0.5% away from Rs 29.85. Over the past week, the stock has underperformed, showing a return of -8.54%, while the Sensex has only declined by 2.22%. Additionally, Swastik Pipe is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 83.33% compared to the 5-day average, suggesting some interest despite the overall negative performance.
Broader Market Context: In the context of the broader market, Swastik Pipe's performance has been significantly weaker than the benchmark, with a year-to-date decline of 43.93% compared to the Sensex's gain of 4.09%. This stark contrast highlights the stock's struggles relative to the market. Over the past month, while the Sensex has increased by 0.75%, Swastik Pipe has continued to decline, further emphasizing its underperformance. The lack of available positive factors in the dashboard suggests that there are no significant catalysts currently supporting the stock's price, contributing to its downward trajectory.