Why is Jagatjit Inds. falling/rising?

As of 26-Sep, Jagatjit Industries Ltd is experiencing a decline in its stock price, currently at Rs 196.35, which represents a decrease of Rs 10.8 or 5.21%. The stock has been underperforming, having lost 12.62% over the last four days and opening with a loss of 2.24% today. It reached an intraday low of Rs 195, reflecting a drop of 5.87%. Additionally, the stock has shown a significant year-to-date decline of 18.19% compared to the Sensex, which has gained 2.93%. The delivery volume has also decreased by 32.93% against the 5-day average, indicating falling investor participation, which may contribute to the stock's downward momentum.
Broader market context reveals that while the Sensex has only fallen by 2.66% over the past week, Jagatjit Industries Ltd has seen a much steeper decline of 12.15% in the same period. This stark contrast highlights the stock's underperformance relative to the broader market. Over the past month, however, the stock has shown some resilience with an increase of 8.48%, suggesting that the recent downturn may be a correction after a brief recovery. Overall, the combination of declining investor interest and significant recent losses has contributed to the stock's current downward trajectory.