Why is Madhusudan Sec. falling/rising?

As of 20-Jun, Madhusudan Securities Ltd is experiencing a decline in its stock price, currently at Rs 21.98, reflecting a decrease of Rs 1.12 or 4.85%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.03%. It has also touched an intraday low of Rs 21.6, indicating significant selling pressure. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by nearly 30% compared to the 5-day average, which further indicates a lack of confidence among investors.
In the broader market context, Madhusudan Securities Ltd's performance over the past week shows a decline of 5.05%, while the benchmark Sensex has increased by 1.59%. This stark contrast highlights the stock's underperformance relative to the market. Over the past month, the stock has decreased by 6.27%, while the Sensex has gained 1.50%. Year-to-date, Madhusudan Securities has seen a significant drop of 19.66%, compared to the Sensex's rise of 5.46%. This persistent underperformance against the benchmark suggests that the stock is facing challenges that are not affecting the broader market, contributing to its recent price decline.