Why is Maiden Forgings falling/rising?

As of 18-Sep, Maiden Forgings Ltd is experiencing a decline in its stock price, currently at Rs 76.75, which represents a decrease of Rs 1.24 or 1.59%. The stock has underperformed its sector by 1.99% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 1.6% during this period. It opened with a significant gap down of 2.54% and reached an intraday low of Rs 76, reflecting a broader trend of negative performance, with a 1-month return of -4.06% and a 1-year return of -15.84%. Additionally, investor participation has decreased, with delivery volume falling by 19.64% compared to the 5-day average, indicating a lack of confidence among investors.
In the broader market context, the Sensex has shown a positive return of 1.80% over the past week and 2.14% over the past month, contrasting sharply with Maiden Forgings' negative performance. This suggests that while the overall market is experiencing gains, Maiden Forgings is lagging significantly behind. The stock's performance relative to the benchmark indicates that it is not only underperforming in the short term but also struggling to attract investor interest, as evidenced by the declining delivery volumes. The stock's moving averages indicate mixed signals, being higher than the 100-day and 200-day averages but lower than the shorter-term averages, which may further contribute to the uncertainty surrounding its future performance.