Why is Swelect Energy falling/rising?

As of 06-Nov, Swelect Energy Systems Ltd is experiencing a decline in its stock price, currently at Rs 766.65, which represents a decrease of Rs 29.9 or 3.75%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 6.85% during this period. Additionally, the stock's performance over the past week shows a decline of 4.88%, and it has significantly underperformed the sector by 2.27% today. The stock's intraday low reached Rs 759.95, indicating a challenging trading environment, and the delivery volume has decreased by 1.53% compared to the five-day average, suggesting falling investor participation. Notably, while the stock remains above its 100-day and 200-day moving averages, it is below its shorter-term moving averages, indicating a potential bearish trend.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.86% over the past month, Swelect Energy's performance has been notably poor, with a 17.28% decline in the same timeframe. Year-to-date, the stock has fallen by 24.08%, while the Sensex has risen by 6.62%. This stark contrast highlights the stock's struggles relative to the broader market, contributing to investor sentiment that may be driving the recent price declines. Overall, the combination of negative short-term performance, declining investor interest, and underperformance against the benchmark suggests a challenging outlook for Swelect Energy Systems Ltd.