Why is Magnum Ventures falling/rising?

As of 01-October, Magnum Ventures Ltd is currently priced at 25.36, reflecting a decline of 3.43, or 11.91%. The stock has underperformed its sector significantly today, with a performance gap of 13.66%. After experiencing two consecutive days of gains, the stock has reversed its trend, hitting an intraday low of Rs 24.82, which represents a drop of 13.79%. The stock has shown high volatility with an intraday volatility of 12.99% and has traded in a wide range of Rs 3.97. Additionally, the delivery volume has decreased by 49.33% compared to the 5-day average, indicating falling investor participation. Year-to-date, the stock has declined by 35.62%, and over the past year, it has fallen by 45.89%, highlighting a significant downward trend.
In the broader market context, the Sensex has only decreased by 0.90% over the past week, while Magnum Ventures has dropped by 3.72%, indicating a notable underperformance relative to the benchmark. Over the past month, however, the stock has outperformed the Sensex, gaining 3.09% compared to the benchmark's 0.77%. Despite this recent positive movement, the overall year-to-date and one-year performance suggests a challenging environment for the stock. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume and high volatility may deter investors, contributing to the current price decline.