Why is Gita Renewable falling/rising?

As of 30-Sep, Gita Renewable Energy Ltd's stock price is currently at 103.80, reflecting a decline of 4.45 points or 4.11%. The stock has recently hit a new 52-week low of Rs.100 and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 6.44% during this period. Although the stock opened with a gain of 3.37% today and reached an intraday high of Rs.112.45, it also experienced significant volatility, trading in a wide range of Rs.12.45. Additionally, the stock is underperforming its sector by 3.71% and has shown a substantial year-to-date decline of 31.03%, while its one-year performance is down 40.24%. There is no information available regarding positive or negative factors impacting the stock.
Broader market context indicates that Gita Renewable's short-term performance has been significantly worse than the benchmark, with a one-week return of -7.24% compared to the Sensex's -2.23%. This underperformance is further highlighted by the stock's inability to maintain momentum, as it is trading below all key moving averages. The falling investor participation, evidenced by a 68.72% drop in delivery volume against the five-day average, suggests a lack of confidence among investors, contributing to the stock's decline. Overall, the combination of poor recent performance, high volatility, and declining investor interest has led to the stock's current downward trajectory.