Why is Maiden Forgings falling/rising?

As of 23-Sep, Maiden Forgings Ltd is experiencing a decline in its stock price, currently at Rs 75.50, which reflects a decrease of Rs 1.13 or 1.47%. The stock has underperformed its sector by 2.76% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 1.94% during this period. The stock reached an intraday high of Rs 78.7 but also fell to a low of Rs 74.02, indicating significant volatility. Over the past week, the stock has decreased by 3.21%, and over the last month, it has fallen by 4.43%, contrasting sharply with the benchmark Sensex, which has gained 0.98% in the same timeframe. Notably, there has been a drastic decline in investor participation, with delivery volume dropping by 93.15% compared to the five-day average, suggesting waning interest among investors.
Broader Market Context: In the context of the broader market, Maiden Forgings' recent performance has been notably weaker than the Sensex, which has shown resilience with a year-to-date increase of 5.07% compared to the stock's decline of 2.88%. The stock's performance over the past year is also concerning, with a drop of 16.21%, while the Sensex has only decreased by 3.33%. This underperformance highlights the challenges faced by Maiden Forgings in attracting investor confidence, particularly as it trades below several moving averages, indicating a bearish trend. The liquidity status suggests that while the stock is liquid enough for trading, the significant drop in delivery volume raises concerns about sustained interest and support for the stock price.