Why is Jaipan Industrie falling/rising?

As of 09-Oct, Jaipan Industries Ltd is experiencing a decline in its stock price, currently at Rs 28.90, which represents a decrease of 2.32 or 7.43%. The stock has underperformed its sector by 8.3% today and has fallen after two consecutive days of gains. It opened with a loss of 3.91% and reached an intraday low of Rs 28.90. 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 delivery volume has also decreased significantly, falling by 28.07% compared to the 5-day average, suggesting reduced investor participation. The stock's performance over the past week shows a decline of 6.77%, and it has underperformed the benchmark Sensex, which has gained 1.47%.
In the broader market context, Jaipan Industries' recent performance contrasts sharply with the Sensex, which has shown positive returns of 1.47% over the past week. The stock has also underperformed over longer periods, with a year-to-date decline of 24.44% compared to the Sensex's gain of 5.16%. This trend indicates that while the overall market is experiencing growth, Jaipan Industries is struggling to maintain investor confidence, leading to its current price decline. The absence of positive factors in the dashboard further emphasizes the challenges the company faces in the current market environment.