Why is Jagatjit Inds. falling/rising?

As of 17-Nov, Jagatjit Industries Ltd is experiencing a decline in its stock price, currently at Rs 178.10, which reflects a decrease of Rs 5.6 or 3.05%. The stock has underperformed its sector by 3.26% today and has been on a downward trend for the last three days, resulting in a total drop of 4.4% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 3.81%, and it has significantly underperformed the benchmark Sensex, which has gained 1.69% in the same timeframe. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In the broader market context, Jagatjit Industries Ltd's performance has been notably weaker compared to the Sensex, particularly over the short term. While the stock has fallen by 3.81% over the past week, the Sensex has risen by 1.69%, highlighting a stark contrast in performance. This trend of underperformance is further emphasized by the year-to-date returns, where Jagatjit Industries has declined by 25.79%, while the Sensex has increased by 8.72%. The rising investor participation, indicated by a 44.28% increase in delivery volume, suggests some interest in the stock, but it has not been enough to counteract the overall negative price movement.