Why is Jaipan Industrie falling/rising?

As of 11-Nov, Jaipan Industries Ltd is experiencing a decline in its stock price, currently at Rs 28.01, which reflects a decrease of Rs 1.31 or 4.47%. The stock has underperformed its sector by 4.95% today and has been on a downward trend for the last three days, accumulating a total decline of 5.91% during this period. It opened with a loss of 2.63% and reached an intraday low of Rs 28, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also decreased by 54.8% compared to the 5-day average, indicating falling investor participation, which further contributes to the stock's downward movement.
In the broader market context, Jaipan Industries has underperformed significantly compared to the Sensex, with a 1-week return of -3.45% against the benchmark's +0.49%, and a year-to-date decline of 26.77% compared to the Sensex's gain of 7.34%. This stark contrast highlights the stock's struggles relative to the overall market performance. The persistent decline in stock price and the lack of positive factors in the current market environment suggest that investor sentiment remains negative towards Jaipan Industries, contributing to its ongoing price drop.