Why is Umiya Tubes falling/rising?

As of 06-Nov, Umiya Tubes Ltd is experiencing a decline in its stock price, currently at Rs 23.51, which represents a decrease of 1.2 or 4.86%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 10.78% during this period. Although the stock opened with a gain of 4.41% today and reached an intraday high of Rs 25.8, it ultimately closed lower, indicating significant volatility. Additionally, Umiya Tubes is trading below all its moving averages, which suggests a bearish trend. The stock's performance over the past week shows a decline of 7.84%, and year-to-date, it has dropped by 35.69%, contrasting with a positive return of 15.70% over the past year.
In the broader market context, the Sensex has only declined by 1.30% over the past week, indicating that Umiya Tubes' short-term performance is significantly worse than the benchmark. While the stock has seen a rise in investor participation, with delivery volume increasing by 255.18% against the five-day average, this has not translated into price stability or growth. The liquidity of the stock remains adequate for trading, but the overall negative sentiment surrounding its recent performance and the broader market conditions contribute to its current downward trajectory.