Why is Wires & Fabriks falling/rising?

As of 20-Oct, Wires & Fabriks (S.A) Ltd is experiencing a decline in its stock price, currently at Rs 202.70, which represents a decrease of 10.05 points or 4.72%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 12.19% during this period. Today's trading saw the stock reach an intraday high of Rs 222.65 but also dip to a low of Rs 202.65. Additionally, the stock 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 notable increase in investor participation, with delivery volume rising by over 1000% on October 17, the overall performance remains weak, as the stock has underperformed its sector by 4.58%.
In the broader market context, Wires & Fabriks has shown a negative return of 7.86% over the past week, while the benchmark Sensex has gained 2.47% during the same period. This stark contrast highlights the stock's struggles relative to the market. Over the past month, the stock has declined by 12.55%, whereas the Sensex has increased by 2.10%. Year-to-date, Wires & Fabriks has also underperformed, with a decline of 7.86% compared to the Sensex's gain of 7.97%. This underperformance against the benchmark and the overall market sentiment contributes to the downward pressure on the stock's price.