Why is Swastik Pipe falling/rising?

As of 07-Nov, Swastik Pipe Ltd is experiencing a decline in its stock price, currently at Rs 29.70, which reflects a decrease of Rs 1.45 or 4.65%. The stock has underperformed today, falling by 5.88% against its sector. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 2.62%, and it has significantly underperformed the market year-to-date, with a decline of 44.49% compared to the Sensex's gain of 7.81%. The stock is also close to its 52-week low, being only 4.71% away from Rs 28.3. There is a notable drop in investor participation, with delivery volume falling by 37.5% against the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, while the Sensex has shown a modest decline of 0.89% over the past week, Swastik Pipe's performance has been considerably worse, highlighting its struggles relative to the benchmark. The stock's year-to-date and one-year returns of -44.49% and -50.50%, respectively, further emphasize its poor performance compared to the Sensex's positive returns of 7.81% and 5.34%. This stark contrast suggests that investor sentiment towards Swastik Pipe is weak, contributing to its current price decline. There are no available positive factors to counterbalance these negative trends, reinforcing the stock's downward trajectory.