Why is Jai Mata Glass falling/rising?

As of 17-Sep, Jai Mata Glass Ltd is currently priced at 2.18, reflecting a decrease of 0.02, or 0.91%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.92% during this period. Additionally, the stock has shown significant underperformance over various time frames, with a 1-month decline of 13.49% and a year-to-date drop of 28.29%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 63.12% against the 5-day average, the overall sentiment remains negative, and no positive factors are available to counterbalance this trend.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.56% over the past week and 2.60% over the past month. This stark difference highlights the stock's struggle, as it has underperformed the benchmark significantly in both short-term and longer-term comparisons. The year-on-year performance shows a decline of 36.44% for Jai Mata Glass, while the Sensex has remained relatively stable with a slight decrease of 0.46%. This underperformance against the benchmark suggests that investor confidence in Jai Mata Glass is waning, contributing to its declining stock price.