Why is Khaitan (India) falling/rising?

As of 14-Nov, Khaitan (India) Ltd is experiencing a decline in its stock price, currently at Rs 105.55, which reflects a decrease of Rs 7.2 or 6.39%. The stock has underperformed its sector by 6.56% today and has been on a downward trend for the last two days, accumulating a total drop of 6.62% in that period. Additionally, the stock has shown high volatility with an intraday volatility of 7.95% and has been trading below its moving averages across various time frames. The stock's performance over the past week and month has also been poor, with declines of 12.33% and 18.84%, respectively, although it has shown positive returns year-to-date and over longer periods.
In the broader market context, the Sensex has increased by 1.62% over the past week and 3.09% over the past month, indicating that Khaitan (India) Ltd's recent performance is significantly lagging behind the benchmark. This underperformance is notable given the rising investor participation, as evidenced by a 201.76% increase in delivery volume on November 13 compared to the five-day average. Despite this increase in trading activity, the stock's overall decline suggests that investor sentiment may be cautious, leading to a lack of confidence in its short-term prospects amidst broader market gains.