Why is Jigar Cables falling/rising?

As of 23-Oct, Jigar Cables Ltd is experiencing a decline in its stock price, currently at Rs 71.00, reflecting a decrease of 5.0 points or 6.58%. The stock has underperformed its sector today by 6.64%, opening with a significant loss and touching an intraday low of Rs 71. The stock has shown erratic trading patterns, having not traded on one day out of the last 20 days. Additionally, the delivery volume has decreased by 58.33% compared to the 5-day average, indicating falling investor participation. Over the past year, the stock has declined by 21.11%, contrasting sharply with its strong performance over three and five years, where it gained 184.00% and 207.36%, respectively. In the broader market context, Jigar Cables' short-term performance over the past week shows a gain of 9.30%, which is significantly higher than the Sensex's increase of 1.30%. However, the stock's year-to-date return of 4.57% lags behind the Sensex's 8.21% gain. This disparity suggests that while the stock has had periods of strong performance, its recent decline may be influenced by broader market trends and investor sentiment. The lack of positive factors reported further complicates the stock's outlook, as there are no indications of favorable developments to counterbalance the current negative momentum.