Why is Holmarc Opto falling/rising?

As of 30-Oct, Holmarc Opto-Mechatronics Ltd's stock price is currently at Rs 104.00, reflecting a decrease of Rs 4.00 or 3.7%. The stock has underperformed significantly, with a 1-week return of -9.57% and a year-to-date decline of -42.86%. Today's performance indicates that it is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock is close to its 52-week low, being only 3.56% away from Rs 100.3. There has also been a notable drop in investor participation, with delivery volume falling by 23.08% compared to the 5-day average, indicating a lack of interest from investors.
In the broader market context, the Sensex has shown resilience with a negligible change of -0.05% over the past week and a positive return of +9.44% year-to-date. This stark contrast highlights Holmarc's struggles against the benchmark, particularly as it has underperformed the sector by 3.52% today. The lack of available positive factors further compounds the negative sentiment surrounding the stock, suggesting that the company's challenges are not being offset by any favorable developments in the market.