Why is Atlas Cycles falling/rising?

As of 07-Nov, Atlas Cycles (Haryana) Ltd is experiencing a decline in its stock price, currently at Rs 109.80, reflecting a decrease of Rs 2.9 or 2.57%. The stock has underperformed its sector by 2.31% today and has been on a downward trend, losing 3.39% over the last two days. Although it opened with a gain of 4.53% and reached an intraday high of Rs 117.8, it also touched a low of Rs 107, indicating significant volatility with an intraday fluctuation of 7.95%. Additionally, the stock is trading below its moving averages across various time frames, and there has been a notable decline in investor participation, with delivery volume dropping by 49.63% compared to the five-day average.
Broader market context shows that Atlas Cycles has underperformed the Sensex in the short term, with a one-week return of -2.83% compared to the benchmark's -0.86%. Over the past month, the stock has decreased by 7.03%, while the Sensex has increased by 1.57%. Despite a strong year-to-date performance of 50.62% against the Sensex's 6.50%, the recent trends indicate a shift in momentum, with high volatility and reduced liquidity contributing to the stock's current downward trajectory.