Why is Wires & Fabriks falling/rising?

As of 12-Nov, Wires & Fabriks (S.A) Ltd is experiencing a decline in its stock price, currently at Rs 190.00, reflecting a decrease of Rs 10.0 or 5.0%. The stock has underperformed its sector by 5.92% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 9.48% during this period. Additionally, the stock opened with a loss of 2.5% today and reached an intraday low of Rs 190, which is 5% lower than its previous close. The stock is trading below all key moving averages, indicating a bearish trend, and there has been a notable drop in investor participation, with delivery volume decreasing by 19.19% compared to the five-day average.
In the broader market context, Wires & Fabriks has underperformed significantly compared to the Sensex, which has gained 1.21% over the past week while the stock itself has fallen by 4.98%. Over the past month, the stock has declined by 17.71%, contrasting sharply with the Sensex's increase of 2.38%. Year-to-date, Wires & Fabriks is down 13.64%, while the Sensex has risen by 8.10%. This stark difference in performance highlights the challenges faced by Wires & Fabriks in the current market environment, contributing to its declining stock price.