Why is Jaihind Synth falling/rising?

As of 04-Nov, Jaihind Synthetics Ltd is experiencing a decline in its stock price, currently at Rs 48.00, which reflects a decrease of Rs 1.95 or 3.9%. The stock has underperformed its sector by 3.12% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 3.92%. Although the stock opened with a significant gain of 9.61% and reached an intraday high of Rs 54.75, it ultimately fell to its day's low of Rs 48. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a drastic reduction in investor participation, with delivery volume plummeting by 99.83% compared to the five-day average, which suggests a lack of confidence among investors.
In the broader market context, the stock's performance over the past week shows a decline of 4.00%, while the benchmark Sensex has only decreased by 1.38%. Over the past month, Jaihind Synthetics has managed a slight gain of 0.73%, contrasting with the Sensex's increase of 2.77%. Year-to-date, the stock remains flat at 0.00%, while the Sensex has risen by 6.81%. The significant volatility observed today, with an intraday fluctuation of 6.56%, further highlights the uncertainty surrounding the stock's performance. Overall, the combination of poor investor sentiment, underperformance relative to the sector, and declining trading volumes are contributing to the stock's downward movement.