Why is Jaipan Industrie falling/rising?

As of 24-Oct, Jaipan Industries Ltd is experiencing a decline in its stock price, currently at Rs 28.91, which reflects a decrease of Rs 1.69 or 5.52%. The stock has underperformed its sector by 5.38% today and has been on a downward trend for the last two days, accumulating a total decline of 6.17% 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 delivery volume has also decreased significantly, with a drop of 41.19% compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over the past week shows a decline of 0.45%, and it has underperformed the benchmark Sensex, which has gained 0.31%.
In the broader market context, Jaipan Industries' performance has been notably weaker compared to the Sensex over various time frames. Over the last month, the stock has decreased by 10.85%, while the Sensex has increased by 3.05%. Year-to-date, Jaipan Industries has seen a decline of 24.42%, contrasting sharply with the Sensex's gain of 7.77%. This significant underperformance relative to the benchmark indicates that broader market conditions may not be favoring Jaipan Industries, contributing to its falling stock price.