Why is Jayant Infratech falling/rising?

As of 17-Sep, Jayant Infratech Ltd's stock price is currently at Rs 69.79, reflecting a decline of Rs 15.95 or 18.6%. The stock has underperformed its sector by 19.1% today, following a trend reversal after three consecutive days of gains. It reached an intraday high of Rs 87.95 but also fell to a low of Rs 68.6, indicating high volatility with an intraday volatility of 12.35%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and while there has been a rise in delivery volume by 11.11%, the overall performance remains weak with significant losses over various time frames, including a year-to-date decline of 48.93%.
In the broader market context, the stock's performance over the past week shows a decline of 11.77%, while the benchmark Sensex has increased by 1.56%. This stark contrast highlights the stock's underperformance relative to the market. Over the past month, Jayant Infratech has also fallen by 9.16%, compared to a 2.60% gain in the Sensex. The significant drop in the stock price, combined with its poor returns over the past year and three years, suggests that investor sentiment is negatively impacted, despite some increased participation in trading.