Why is JMD Ventures falling/rising?

As of 24-Sep, JMD Ventures Ltd is experiencing a decline in its stock price, currently at Rs 5.68, reflecting a decrease of Rs 0.1 or 1.73%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.58% away from Rs 5.59. Over the past week, JMD Ventures has seen a return of -2.74%, significantly underperforming the Sensex, which has only declined by 1.18%. Year-to-date, the stock has plummeted by 56.21%, while the Sensex has gained 4.58%. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 41.15% compared to the 5-day average, suggesting waning interest among investors.
In the broader market context, the film production, distribution, and entertainment sector, in which JMD Ventures operates, has also faced challenges, with a decline of 2.01%. This sector-wide downturn may be contributing to the stock's poor performance. Compared to the benchmark, JMD Ventures' short-term returns are significantly worse, highlighting its struggles relative to the overall market. The lack of available positive factors further emphasizes the challenges the company is facing, as there are no mitigating circumstances reported that could help improve investor sentiment or stock performance.