Why is Holmarc Opto falling/rising?

As of 11-Sep, Holmarc Opto-Mechatronics Ltd is experiencing a decline in its stock price, currently at 116.45, which reflects a decrease of 1.9 or 1.61%. The stock has underperformed its sector by 1.39% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with the delivery volume falling by 9.09% compared to the 5-day average. Over the past week, the stock has decreased by 3.96%, and year-to-date, it has seen a significant decline of 36.02%, indicating ongoing challenges for the company.
In contrast, the broader market, represented by the Sensex, has shown positive returns, gaining 1.10% over the past week and 5.75% year-to-date. This stark contrast highlights the underperformance of Holmarc Opto relative to the market. The lack of available positive or negative dashboard data further complicates the understanding of the stock's recent movements, as there are no specific factors identified that could explain the decline. Overall, the combination of poor stock performance, decreasing investor interest, and a strong benchmark performance suggests that Holmarc Opto is facing significant headwinds in the current market environment.