Why is Mahalaxmi Fab. falling/rising?

As of 10-Sep, Mahalaxmi Fabric Mills Ltd is experiencing a decline in its stock price, currently at Rs 31.55, which reflects a decrease of 2.0 (-5.96%). The stock has underperformed its sector by 8.54% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 30.87, indicating a significant drop of 7.99%. Despite a wide trading range of Rs 3.11 and high volatility of 6.25%, the stock's performance over the past week shows a positive return of 9.78%, although it remains down 36.13% year-to-date and 48.36% over the past year. There has been a notable increase in investor participation, with delivery volume rising by 2149.91% compared to the 5-day average, suggesting heightened interest despite the current price drop.
In the broader market context, while Mahalaxmi Fabric Mills Ltd has faced a decline, the benchmark Sensex has only increased by 1.06% over the past week. The textile sector as a whole has gained by 2.44%, indicating that the stock's decline is not reflective of the entire industry. The stock's moving averages indicate that it is performing lower than the 200-day moving average but higher than the shorter-term averages, which may suggest a potential trend reversal. Overall, the combination of high volatility, recent price drops, and significant underperformance relative to both the sector and the benchmark contributes to the current downward movement of Mahalaxmi Fabric Mills Ltd's stock price.