Why is H.M. Electro falling/rising?

As of 15-Sep, H.M. Electro Mech Ltd's stock price is currently at Rs 62.75, reflecting a decline of Rs 2.45 or 3.76%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.5% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also underperformed its sector by 4.44% today. While there has been a notable increase in investor participation, with delivery volume rising by 124.14% against the 5-day average, the overall sentiment remains negative, contributing to the stock's recent price decline.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month, H.M. Electro's stock has decreased by 1.95% and 6.34%, respectively. This significant underperformance highlights a lack of investor confidence in the stock relative to the broader market. The Sensex's positive returns contrast sharply with H.M. Electro's recent struggles, further emphasizing the challenges the company faces in regaining momentum amidst a rising market.