Why is Goblin India falling/rising?

As of 20-Oct, Goblin India Ltd's stock price is currently at 14.05, reflecting a decline of 0.44, or 3.04%. The stock has been underperforming significantly, with a consecutive fall over the last two days resulting in a total drop of 7.99%. It is trading below all its moving averages, indicating a bearish trend. Furthermore, the stock has shown substantial negative returns over various periods, including a year-to-date decline of 55.40% and a staggering 79.49% drop over three years. While there has been a rise in investor participation, with delivery volume increasing by 60% on October 17, the overall sentiment remains negative, and no positive factors are noted to counterbalance this trend.
In the broader market context, Goblin India's performance has been notably poor compared to the benchmark Sensex, which has gained 2.47% over the past week while Goblin India has lost 5.89%. This underperformance is consistent across multiple time frames, with the stock's one-year return of -65.81% starkly contrasting with the Sensex's 3.86% gain. The liquidity of the stock is adequate for trading, but the overall market sentiment and the stock's persistent decline suggest a challenging environment for Goblin India Ltd.