Why is Axel Polymers falling/rising?

As of 03-Nov, Axel Polymers Ltd is experiencing a decline in its stock price, currently at Rs 47.45, reflecting a decrease of Rs 4.03 or 7.83%. Today's price summary indicates that the stock opened significantly lower, with a loss of 6.37%, and reached an intraday low of Rs 44, marking a drop of 14.53%. The stock has shown high volatility today, with an intraday volatility of 6.12%, and has underperformed its sector by 9.27%. Additionally, the stock's performance over the past week and month has been negative, with declines of 5.10% and 16.02%, respectively, while year-to-date performance shows a drop of 12.53%. Notably, investor participation has fallen sharply, with delivery volume decreasing by 97.9% compared to the five-day average, indicating a lack of confidence among investors.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight decline of 0.94% over the past week and an increase of 3.41% over the past month. This contrast highlights that Axel Polymers' recent struggles are not aligned with the overall market trend, as the benchmark has performed positively while the stock has faced significant losses. The stock's performance is also below its moving averages for shorter periods, suggesting a bearish trend. Overall, the combination of high volatility, declining investor participation, and poor relative performance against the benchmark contributes to the stock's downward trajectory.