Why is Madhusudan Inds. falling/rising?

As of 11-Nov, Madhusudan Industries Ltd is experiencing a decline in its stock price, currently at Rs. 36.00, reflecting a decrease of 0.1 or 0.28%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 4.96% during this period. Additionally, the stock's performance over the past week and month shows significant underperformance, with returns of -5.26% and -8.81%, respectively, compared to the Sensex, which has gained 0.49% and 1.66% in the same time frames. The stock is also trading below its moving averages across multiple time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 58.08% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, Madhusudan Industries Ltd's recent performance starkly contrasts with the benchmark Sensex, which has shown positive returns year-to-date and over the past year, while the stock has plummeted by 36.84% and 43.57%, respectively. This significant underperformance highlights the challenges faced by the company in the current market environment. The liquidity of the stock remains adequate for trading, as it constitutes 2% of the 5-day average traded value, which may provide some support for investors looking to enter or exit positions. Overall, the combination of a new low, declining returns, and the contrasting performance against the benchmark suggests a challenging situation for Madhusudan Industries Ltd.