Why is Jagan Lamps falling/rising?

As of 11-Aug, Jagan Lamps Ltd is experiencing a decline in its stock price, currently at 81.57, which reflects a decrease of 0.38 or 0.46%. The stock has been underperforming, having lost 5.2% over the last four days, and it is currently underperforming its sector by 0.85%. In terms of returns, the stock has shown a negative performance of 2.71% over the past week and a year-to-date decline of 14.63%. Although it has outperformed the benchmark in the longer term, with a 48.85% increase over the past three years compared to the Sensex's 35.85%, the recent trend indicates a struggle in the short term.
Broader Market Context: In the context of the broader market, the Sensex has only declined by 0.51% over the past week, indicating that Jagan Lamps is underperforming relative to the market. The stock's recent price movements suggest a lack of investor confidence, despite a rise in delivery volume, which increased by 68.09% against the five-day average. This liquidity suggests some interest, but the overall trend of consecutive price falls and negative short-term returns indicates that investors may be cautious about the stock's future performance.