Why is Holmarc Opto falling/rising?

As of 24-Sep, Holmarc Opto-Mechatronics Ltd is experiencing a decline in its stock price, currently at 114.50, which reflects a decrease of 6.0 or 4.98%. The stock has underperformed its sector by 4.52% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 9.02%, and year-to-date, it has fallen by 37.09%. Although there has been a notable increase in investor participation, with delivery volume rising by 243.75% against the 5-day average, the overall performance remains weak, indicating a lack of positive momentum.
In the broader market context, the Sensex has only declined by 1.08% over the past week, suggesting that Holmarc's performance is significantly lagging behind the benchmark. While the Sensex has shown a positive return of 0.75% over the past month and 5.97% year-to-date, Holmarc's returns are negative in both timeframes, further highlighting its underperformance. This disparity indicates that external market conditions are not favoring Holmarc, contributing to its recent price decline.