Why is Jai Mata Glass falling/rising?

As of 03-Jul, Jai Mata Glass Ltd is experiencing a decline in its stock price, currently at Rs. 1.43, which represents a decrease of Rs. 0.18 or 11.18%. The stock has hit a new 52-week low of Rs. 1.42 today and has underperformed its sector by 11.59%. Over the past week, the stock has decreased by 15.88%, and year-to-date, it has fallen by 52.96%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. There has also been a notable drop in investor participation, with delivery volume falling by 27.66% compared to the five-day average, suggesting reduced interest in the stock.
In the broader market context, while the Sensex has shown a slight decline of 0.62% over the past week, Jai Mata Glass's performance has significantly lagged behind, highlighting its weak position relative to the market. The stock's year-to-date performance is particularly concerning, with a drop of 52.96% compared to the Sensex's gain of 6.53%. This stark contrast indicates that the challenges faced by Jai Mata Glass are more severe than those affecting the overall market, contributing to its continued decline.