Why is Jay Kailash falling/rising?

As of 11-Nov, Jay Kailash Namkeen Ltd is experiencing a decline in its stock price, currently at Rs 39.50, which reflects a decrease of Rs 5.38 or 11.99%. The stock has underperformed significantly, with a consecutive fall over the last two days resulting in a total return drop of 16.05%. Additionally, the stock has shown a poor performance over the past week and month, with returns of -11.24% and -20.44% respectively, while year-to-date returns stand at -37.60%. The stock has been trading lower than its moving averages across various time frames, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 23.08% compared to the five-day average, contributing to the stock's downward movement.
In the broader market context, the Sensex has shown a positive return of 0.49% over the past week and 1.66% over the past month, contrasting sharply with Jay Kailash's negative performance. This indicates that while the overall market is experiencing gains, Jay Kailash is lagging significantly behind, highlighting its underperformance relative to the benchmark. The high volatility of the stock, with an intraday volatility of 8.1%, further reflects the uncertainty surrounding its trading activity. Overall, the combination of poor stock performance, declining investor interest, and unfavorable comparisons to the benchmark suggests a challenging environment for Jay Kailash Namkeen Ltd.