Why is Holmarc Opto falling/rising?

As of 30-Sep, Holmarc Opto-Mechatronics Ltd is experiencing a decline in its stock price, currently at Rs 105.55, which represents a decrease of Rs 5.55 or 5.0%. The stock is trading close to its 52-week low, just 1.47% away from Rs 104. Additionally, it has underperformed its sector by 5.89% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a significant decline of 12.41%, and year-to-date, it has fallen by 42.01%, indicating a troubling trend for investors. Notably, there has been a rise in investor participation, with delivery volume increasing by 116.22% against the 5-day average, suggesting some interest despite the overall negative performance.
In the broader market context, Holmarc Opto's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 2.22% over the past week and has gained 4.09% year-to-date. This disparity highlights the stock's underperformance relative to the market. While the Sensex has shown resilience, Holmarc Opto's significant losses indicate specific challenges faced by the company, although no positive or negative factors were detailed in the provided data to further explain the stock's movement.