Why is Hindustan Hardy falling/rising?

As of 13-Nov, Hindustan Hardy Ltd is experiencing a significant decline in its stock price, currently at Rs 990.05, which reflects a decrease of Rs 138.75 or 12.29%. The stock has underperformed its sector by 11.94% today and has been on a downward trend for the last two days, accumulating a total loss of 13.99% during this period. It opened with a notable gap down of 6.54% and reached an intraday low of Rs 973.3. In terms of returns, the stock has shown a negative performance over the past week and month, with declines of 12.23% and 10.87%, respectively, while it has only slightly increased by 0.51% over the past year. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed signals. Additionally, there has been a rise in investor participation, with delivery volume increasing by 74.58% compared to the 5-day average, suggesting some interest despite the price drop.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.40% over the past week and 2.61% over the past month, Hindustan Hardy's performance has been notably poor. The broader market appears to be on an upward trajectory, contrasting sharply with Hindustan Hardy's recent struggles. This divergence indicates that while the overall market sentiment may be positive, Hindustan Hardy is facing specific challenges that are driving its stock price down. The lack of available positive or negative factors further complicates the understanding of the stock's recent performance, as no specific catalysts or issues have been identified to explain the decline.