Why is Jagan Lamps falling/rising?

As of 07-Oct, Jagan Lamps Ltd is experiencing a decline in its stock price, currently at Rs 74.67, which reflects a decrease of Rs 2.83 or 3.65%. The stock has underperformed its sector by 3.75% today and has been on a downward trend for the last two days, accumulating a total loss of 4.56% during this period. Additionally, the stock has touched an intraday low of Rs 72.55, indicating a significant drop of 6.39%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. While there has been a rise in investor participation with a 41.85% increase in delivery volume, the overall performance remains weak, and no positive factors are noted to counterbalance the negative trends.
Broader market context shows that Jagan Lamps has significantly underperformed compared to the benchmark Sensex, which has gained 2.07% over the past week while Jagan Lamps has lost 3.90%. Over the past month, the stock has decreased by 5.14%, contrasting with the Sensex's increase of 1.51%. Year-to-date, Jagan Lamps has fallen by 21.85%, while the Sensex has risen by 4.85%. This stark difference in performance highlights the challenges faced by Jagan Lamps in the current market environment, contributing to the ongoing decline in its stock price.