Why is Jigar Cables falling/rising?

As of 15-Oct, Jigar Cables Ltd is experiencing a significant decline in its stock price, currently at Rs 61.52, reflecting a decrease of 15.38 points or 20.0%. The stock has underperformed its sector by 21.23% today, opening with a substantial loss of 20%. It has also shown erratic trading patterns, not trading on three days out of the last twenty. The stock reached an intraday low of Rs 61.52, indicating high volatility with an intraday fluctuation of 9.74%. Additionally, the delivery volume has decreased by 50% compared to the five-day average, suggesting falling investor participation. Over the past year, the stock has declined by 32.40%, while it has shown a positive return of 136.62% over three years and 176.49% over five years, indicating a long-term growth trend despite recent short-term challenges. In the broader market context, Jigar Cables' recent performance contrasts sharply with the Sensex, which has seen a slight increase of 1.02% over the past week and a 5.72% rise year-to-date. This stark difference highlights the stock's struggle to keep pace with the overall market, particularly in the short term, where it has underperformed significantly. The stock's negative returns over the past week and month, alongside its poor performance relative to the benchmark, suggest that investor sentiment is currently unfavorable, contributing to the ongoing decline in its price.