Why is Jagan Lamps falling/rising?

As of 15-Oct, Jagan Lamps Ltd is currently priced at 70.00, reflecting an increase of 0.59 (0.85%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Additionally, investor participation has decreased, with a delivery volume of 3.23k on 14 October, which is down by 32.41% compared to the 5-day average. The stock has underperformed significantly over the past week, month, and year, with returns of -6.24%, -11.92%, and -25.61%, respectively, compared to the Sensex which has shown positive returns in the same periods.
In the broader market context, Jagan Lamps' recent performance contrasts sharply with the Sensex, which has gained 1.02% over the past week and 1.00% over the past month. This underperformance suggests that while the overall market is experiencing growth, Jagan Lamps is struggling to attract investor interest, as evidenced by the falling delivery volumes. The stock's year-to-date decline of 26.74% further highlights its challenges in a market that has seen a 5.72% increase. Overall, the combination of declining investor participation and poor relative performance against the benchmark indicates that Jagan Lamps is facing significant headwinds despite today's slight uptick in price.