Why is Sybly Industries falling/rising?

As of 24-Jun, Sybly Industries Ltd is experiencing a decline in its stock price, currently at Rs. 1.88, which reflects a decrease of Rs. 0.09 or 4.57%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last 16 days, resulting in a significant drop of 54.37% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. The delivery volume has also decreased sharply, falling by 59.6% against the 5-day average, suggesting a decline in investor participation. There are no positive factors available to counterbalance these negative trends.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a slight increase of 0.58% over the past week, Sybly Industries has underperformed significantly, with a weekly decline of 21.34%. Over the past month, the stock has dropped by 39.35%, while the Sensex has only increased by 0.41%. This stark contrast highlights the challenges Sybly Industries is facing in the market, as it has also underperformed year-to-date and over the past year, with declines of 65.19% and 72.87%, respectively, compared to the Sensex's positive performance.