Why is Vardhman Polytex falling/rising?

As of 07-Oct, Vardhman Polytex Ltd's stock price is currently at Rs. 8.28, reflecting a decrease of Rs. 0.12 or 1.43%. The stock has recently hit a new 52-week low and has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.16% during this period. Additionally, the stock has underperformed its sector by 1.23%. Over the past week, the stock has decreased by 2.82%, and year-to-date, it has seen a significant decline of 31.00%. Despite these negative movements, there has been a rise in investor participation, with delivery volume increasing by 23.39% compared to the five-day average, indicating some interest from investors.
In the broader market context, Vardhman Polytex's performance contrasts sharply with the Sensex, which has gained 2.07% over the past week and 4.85% year-to-date. This underperformance highlights the stock's struggles relative to the overall market. The stock is currently trading below all its moving averages, which suggests a bearish trend. While the liquidity appears sufficient for trading, the lack of positive factors in the dashboard indicates that there are no significant catalysts to reverse the stock's recent decline.