Why is Vikas Proppant falling/rising?

As of 11-Nov, Vikas Proppant & Granite Ltd is currently priced at Rs. 0.34, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 0.33 and has underperformed its sector by 0.53%. Over the past week, the stock has declined by 2.86%, and its year-to-date performance shows a significant drop of 30.61%. Additionally, Vikas Proppant is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 39.35% against the 5-day average, the overall sentiment remains negative as there are no positive factors available to counterbalance the stock's poor performance.
In the broader market context, the Sensex has seen a slight increase of 0.49% over the past week, contrasting sharply with Vikas Proppant's decline. The benchmark has also outperformed the stock significantly over the longer term, with a year-to-date return of 7.34% compared to Vikas Proppant's substantial drop. This disparity highlights the stock's struggles in a generally positive market environment, further contributing to its downward trajectory.