Why is Tulsyan NEC falling/rising?

As of 09-Oct, Tulsyan NEC Ltd is currently priced at Rs 40.00, reflecting a decrease of Rs 1.0 or 2.44%. The stock has been underperforming, having lost 6.74% over the last three days, and it opened today with a gain of 2.41% before hitting a day's high of Rs 42.85. However, it ultimately fell to its current price, indicating a volatile trading session. The stock has shown a significant decline of 43.18% year-to-date and 53.74% over the past year, contrasting with the benchmark Sensex, which has gained 5.16% and 0.87% respectively during the same periods. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 44.93% compared to the five-day average, which may have contributed to the stock's downward pressure.
Broader Market Context: In the context of the broader market, Tulsyan NEC's recent performance has been significantly weaker than the Sensex, which has risen by 1.47% over the past week while Tulsyan NEC has declined by 2.37%. The steel sector, in which Tulsyan operates, has seen a gain of 2.34%, suggesting that the company's struggles are not reflective of the overall sector performance. The stock's moving averages indicate it is trading lower than the 5-day and 200-day averages, which could signal bearish sentiment among investors. Overall, the combination of poor recent performance, declining investor interest, and a lack of positive factors has led to the stock's current downward trajectory.