Why is Classic Filament falling/rising?

As of 20-Oct, Classic Filaments Ltd is experiencing a decline in its stock price, currently at Rs 23.62, which represents a decrease of 3.75 (-13.7%). The stock has been underperforming significantly, having lost 20.52% over the last four days and showing a year-to-date decline of 21.14%. Despite opening with a gain of 18.52% today and reaching an intraday high of Rs 32.44, it quickly fell to a low of Rs 21.9, indicating high volatility with an intraday fluctuation of 19.4%. The stock is trading below all key moving averages and has seen a substantial drop in investor participation, with delivery volume falling by 63.94% compared to the five-day average.
In the broader market context, the stock's performance has been notably poor compared to the benchmark Sensex, which has gained 7.97% year-to-date. Over the past week, Classic Filaments has underperformed the sector by 13.89%, highlighting a stark contrast to the positive movement of the benchmark. This underperformance, combined with the stock's recent volatility and declining investor interest, suggests a challenging environment for Classic Filaments Ltd, contributing to its current downward price trend.