Why is Jigar Cables falling/rising?

As of 17-Nov, Jigar Cables Ltd is experiencing a decline in its stock price, currently at Rs 59.99, which reflects a decrease of Rs 4.96 or 7.64%. The stock has underperformed significantly today, opening with a loss of 7.62% and touching an intraday low of Rs 58, marking a 10.7% drop. Over the past week, the stock has fallen by 13.56%, and year-to-date, it has decreased by 11.65%. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 16.67% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's movement.
In the broader market context, Jigar Cables' recent performance contrasts sharply with the benchmark Sensex, which has gained 1.69% over the past week and 8.72% year-to-date. This stark difference highlights the stock's struggles relative to the overall market, as it has consistently underperformed against the benchmark in both the short and long term. The stock's significant decline today and over the past month further emphasizes its challenges in attracting investor interest compared to the broader market's positive momentum.