Why is Magnum Ventures falling/rising?

As of 13-Oct, Magnum Ventures Ltd is experiencing a decline in its stock price, currently at 23.92, reflecting a decrease of 0.44, or 1.81%. The stock has underperformed its sector by 0.53% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 2.37%. Over the past week, the stock has dropped by 6.60%, and its year-to-date performance shows a significant decline of 39.27%. Additionally, Magnum Ventures is trading below all its moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 346.42% on October 10, the overall sentiment remains negative, as there are no positive factors available to counterbalance the stock's recent performance.
In the broader market context, Magnum Ventures' short-term performance has been significantly worse than the benchmark, with the Sensex showing a slight gain of 0.66% over the past week. This stark contrast highlights the stock's struggles, particularly as it has underperformed the benchmark by a considerable margin in various time frames, including a 15.27% decline over the past month compared to a modest 0.52% increase in the Sensex. The overall market appears to be more resilient, which further emphasizes the challenges faced by Magnum Ventures in attracting investor confidence amidst its ongoing price decline.