Why is H.M. Electro falling/rising?

As of 16-Oct, H.M. Electro Mech Ltd is experiencing a decline in its stock price, currently at Rs 54.00, which reflects a decrease of Rs 1.08 or 1.96%. The stock has been underperforming significantly, having lost 11.48% over the last six days and opened today with a substantial gap down of 6.95%, reaching an intraday low of Rs 51.25. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 21.95% against the five-day average, the overall performance remains weak, as evidenced by the stock's 1-week return of -9.04% and 1-month return of -14.76%, both of which starkly contrast with the Sensex's positive returns.
In the broader market context, the Sensex has shown resilience, gaining 1.58% over the past week and 1.32% over the past month, while H.M. Electro's performance has been notably poor in comparison. This divergence highlights the stock's struggles relative to the overall market, suggesting that factors specific to H.M. Electro are driving its decline rather than broader market trends. The lack of available positive or negative factors further complicates the understanding of the stock's recent movements, leaving a gap in the analysis of potential catalysts for its performance.