Why is Jagatjit Inds. falling/rising?

As of 24-Sep, Jagatjit Industries Ltd is experiencing a decline in its stock price, currently at Rs 214.00, reflecting a decrease of Rs 2.3 or 1.06%. The stock has underperformed its sector by 0.76% today and has been on a downward trend for the last two days, accumulating a total loss of 4.76% during this period. The stock reached an intraday high of Rs 221.75 but also touched a low of Rs 210.3. In terms of returns, the stock has seen a significant drop of 10.83% year-to-date and a 26.56% decline over the past year, although it has performed well over the longer term with a 232.56% increase over three years and a remarkable 548.48% rise over five years. There is a notable decrease in investor participation, with delivery volume falling by 68.54% compared to the five-day average, indicating reduced interest in trading the stock.
Broader market context shows that while the Sensex has declined by only 1.18% over the past week, Jagatjit Industries Ltd has seen a more substantial drop of 4.89% in the same timeframe. This underperformance highlights the stock's struggle relative to the broader market. Additionally, despite the stock being above its 20-day, 50-day, 100-day, and 200-day moving averages, it remains below its 5-day moving average, suggesting a short-term weakness. The liquidity of the stock is adequate for trading, but the significant drop in delivery volume may signal a lack of confidence among investors, contributing to the recent price decline.