Why is Manoj Ceramic falling/rising?

As of 31-Jul, Manoj Ceramic Ltd is experiencing a decline in its stock price, currently at Rs 136.75, which reflects a decrease of Rs 1.9 or 1.37%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 14.4% during this period. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. In the past week, it has underperformed the sector by 2.82%, and its year-to-date performance shows a significant decline of 29.94%, contrasting with a positive return of 3.90% for the benchmark Sensex. The stock's recent trading activity also indicates increased investor participation, with delivery volume rising by 114.29% against the five-day average, although this has not translated into price stability.
Broader Market Context: In the short term, Manoj Ceramic's performance has been notably weaker than the benchmark, as it has declined by 12.90% over the past week compared to a smaller drop of 1.22% in the Sensex. This stark contrast highlights the stock's struggles relative to the broader market, which has shown more resilience. The overall market context suggests that while the Sensex has managed to maintain a positive year-to-date return, Manoj Ceramic's significant losses indicate company-specific challenges that are impacting investor sentiment and stock performance.