Why is Ajcon Global falling/rising?

As of 13-Oct, Ajcon Global Services Ltd is experiencing a decline in its stock price, currently at Rs 8.59, which reflects a decrease of Rs 1.1 or 11.35%. The stock has underperformed its sector significantly today, with a performance drop of 12.28%. It reached an intraday low of Rs 8, marking a decrease of 17.44%. The stock has shown high volatility with an intraday volatility of 9.5%, and trading volume has decreased sharply, with delivery volume falling by 77.57% compared to the 5-day average. Over the past week, the stock has declined by 7.83%, and over the past month, it has dropped 16.60%, although it has shown strong performance year-to-date with a gain of 21.69% and a remarkable increase of 95.09% over the past year.
In the broader market context, while Ajcon Global's short-term performance has been negative, the benchmark Sensex has shown a slight increase of 0.66% over the past week and 0.52% over the past month. This indicates that the stock is not only underperforming relative to its sector but also lagging behind the overall market. The stock's current price is higher than its 200-day moving average but lower than its shorter-term moving averages, suggesting a potential bearish trend. The lack of positive factors in the dashboard further emphasizes the challenges the stock is facing in the current market environment.