Why is Triveni Glass falling/rising?

As of 12-Nov, Triveni Glass Ltd's stock price is currently at Rs. 11.51, reflecting a decrease of Rs. 0.61, or 5.03%. The stock has recently hit a new 52-week low of Rs. 10.5 and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 11.33% during this period. Additionally, the stock has underperformed its sector by 5.16%. Over the past week, Triveni Glass has experienced a significant decline of 12.40%, and year-to-date, it has dropped 41.13%, indicating a persistent struggle against the broader market trends. There is a notable increase in investor participation, with delivery volume rising by 556.51% compared to the 5-day average, suggesting some interest despite the falling price.
In the broader market context, while Triveni Glass has faced substantial losses, the benchmark Sensex has shown resilience, gaining 1.21% over the past week and 8.10% year-to-date. This stark contrast highlights the stock's underperformance relative to the market. The stock is trading below its moving averages across various time frames, which typically signals bearish sentiment among investors. Overall, the combination of significant price declines, underperformance against the sector and benchmark, and the recent low in price contribute to the negative outlook for Triveni Glass Ltd.