Why is Uday Jewellery falling/rising?

As of 28-Oct, Uday Jewellery Industries Ltd is experiencing a decline in its stock price, currently at Rs 159.00, which reflects a decrease of Rs 6.0 or 3.64%. The stock has underperformed its sector by 3.13% today, touching an intraday low of Rs 159. The recent performance metrics indicate that the stock has seen a 4.99% decline over the past week, while it has shown a modest increase of 1.18% over the past month. Year-to-date, the stock is up 4.30%, and over the past year, it has risen by 6.35%. However, the stock's performance over the last three years is significantly lower than the benchmark, with a return of 7.69% compared to the Sensex's 41.14%. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 38.11% against the five-day average, indicating reduced interest in trading the stock.
In the broader market context, the Sensex has shown a positive return of 0.24% over the past week and 5.22% over the past month, contrasting with Uday Jewellery's negative short-term performance. This suggests that while the overall market is experiencing gains, Uday Jewellery is lagging behind, which may be contributing to the downward pressure on its stock price. The stock's moving averages indicate that it is currently higher than the 200-day moving average but lower than the shorter-term moving averages, which may signal a bearish trend. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume could further exacerbate the stock's decline if the trend continues.