Why is Goblin India falling/rising?

As of 30-Sep, Goblin India Ltd's stock price is currently at Rs. 14.25, reflecting a decline of Rs. 1.34 or 8.6%. The stock has been underperforming significantly, having hit a new 52-week low of Rs. 13.1 today, which represents a drop of 15.97% at its intraday low. Over the past week, the stock has fallen by 10.04%, and its year-to-date performance shows a staggering decline of 54.76%. The stock has been losing for the last three days, with a total return of -8.95% during this period. Additionally, it is trading below all major moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 125% against the 5-day average, the overall sentiment remains negative, contributing to the stock's recent decline.
In the broader market context, Goblin India's performance contrasts sharply with the benchmark Sensex, which has seen a modest increase of 2.72% year-to-date. The stock's significant underperformance is evident in its 1-month return of -16.18% compared to the Sensex's gain of 0.57%. This disparity highlights the challenges faced by Goblin India amidst a generally stable market environment. The high volatility observed today, with an intraday volatility of 9.28%, further underscores the stock's instability, making it less attractive to investors. Overall, the combination of poor stock performance, negative market sentiment, and high volatility contributes to the ongoing decline in Goblin India's stock price.