Why is Classic Filament falling/rising?

As of 13-Oct, Classic Filaments Ltd is experiencing a decline in its stock price, currently at Rs 28.02, which reflects a decrease of Rs 3.03 or 9.76%. The stock has underperformed its sector by 9.38% today and has fallen after two consecutive days of gains. It opened with a loss of 2% and reached an intraday low of Rs 28, marking a 9.82% drop. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 9.03% and 21.83%, respectively. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. There is a notable increase in investor participation, with delivery volume rising significantly, indicating heightened interest despite the current price drop.
In the broader market context, Classic Filaments' recent performance contrasts with the Sensex, which has only increased by 0.66% over the past week and 0.52% over the past month. While the stock has shown impressive long-term growth, with a 283.84% increase over three years, it has underperformed year-to-date, down 6.44% compared to the Sensex's gain of 5.36%. This suggests that while the stock has potential, current market conditions and investor sentiment may be contributing to its recent decline.