Why is Sybly Industries falling/rising?

As of 16-Jun, Sybly Industries Ltd is experiencing a decline in its stock price, currently at Rs. 2.51, which reflects a decrease of Rs. 0.13 or 4.92%. The stock has hit a new 52-week low today and has been on a downward trend, losing value for the last 10 consecutive days, resulting in a total decline of 39.08% during this period. Additionally, the stock has significantly underperformed against its sector by 5.83%. Over the past week, Sybly Industries has seen a staggering 22.05% drop, and its year-to-date performance shows a decline of 53.52%, indicating a persistent negative trend. The stock is currently trading below all its moving averages, which further suggests weakness in its price momentum. Although there has been a slight increase in delivery volume, indicating some rising investor participation, the overall sentiment remains negative.
In the broader market context, the Sensex has shown a relatively stable performance with a slight decline of only 0.79% over the past week, contrasting sharply with Sybly Industries' significant drop. This indicates that the stock's poor performance is not aligned with the overall market trend. Furthermore, while the benchmark has gained 4.68% year-to-date, Sybly Industries' substantial decline of 53.52% highlights its underperformance in comparison to the market. The stark difference in returns over various periods, especially the 1-year and 3-year comparisons, where the stock has fallen by 66.53% and 65.14% respectively, further emphasizes the challenges faced by Sybly Industries in the current market environment.