Why is ADC India falling/rising?

As of 28-Oct, ADC India Communications Ltd is experiencing a decline in its stock price, currently at 1,517.00, which reflects a decrease of 13.55 points or 0.89%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.87% during this period. Additionally, the stock's performance over the past week shows a decrease of 1.18%, and it has significantly underperformed the benchmark Sensex, which has gained 0.24%. The stock's intraday low reached Rs 1500, indicating a 2% drop, and it is currently trading below its 5-day, 20-day, and 50-day moving averages, although it remains above the 100-day and 200-day moving averages. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 47.79% compared to the 5-day average.
In the broader market context, the telecommunications equipment sector has seen a positive movement, gaining 2.21%, contrasting with ADC India's recent struggles. While the Sensex has shown a positive return of 5.22% over the past month, ADC India has experienced a significant decline of 15.63% in the same timeframe. This stark difference highlights the stock's underperformance relative to the market. The overall liquidity of the stock remains adequate for trading, but the recent drop in delivery volume suggests a lack of investor confidence, contributing to the stock's downward trajectory.