Why is Vardhman Polytex falling/rising?

As of 11-Nov, Vardhman Polytex Ltd's stock price is currently at Rs. 7.17, reflecting a decline of 0.38 or 5.03%. The stock has recently hit a new 52-week low of Rs. 7.1 and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total drop of 6.64% during this period. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant decrease in investor participation, with delivery volume dropping by 23.14% compared to the 5-day average. Over the past week, the stock has underperformed its sector by 5.85%, and its year-to-date return stands at a substantial decline of 40.25%.
In the broader market context, Vardhman Polytex's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 0.49% over the past week while the stock has dropped 8.66%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, while the Sensex has shown a positive return of 1.66% over the past month, Vardhman Polytex has experienced a significant decline of 20.16%, further emphasizing its underperformance. The lack of available positive factors in the dashboard suggests that there are no immediate catalysts to reverse this trend, contributing to the stock's continued decline.