Why is Indo Rama Synth. falling/rising?

As of 11-Nov, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at Rs 60.40, which reflects a decrease of Rs 7.4 or 10.91%. The stock has underperformed its sector by 11.73% today and has been on a downward trend for the last two days, accumulating a total loss of 11.37%. Additionally, the stock touched an intraday low of Rs 59.4, indicating significant selling pressure. Over the past week, the stock has seen a substantial decline of 14.50%, although it has performed positively over the longer term with a year-to-date increase of 46.25% and a one-year return of 49.32%. However, the recent high volatility, with an intraday fluctuation of 10.26%, and a notable drop in investor participation, with delivery volume falling by 42.05% against the five-day average, suggest a weakening interest among investors.
In the broader market context, the Sensex has shown a modest gain of 0.49% over the past week, contrasting sharply with Indo Rama Synthetics' significant decline. This underperformance relative to the benchmark indicates that the stock is facing specific challenges that are not affecting the overall market. While the stock has maintained higher values than its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, which may signal a bearish trend. The liquidity of the stock remains adequate for trading, but the combination of high volatility and falling investor interest could be contributing to the ongoing price decline.