Why is Manoj Jewellers falling/rising?

As of 22-Sep, Manoj Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 48.50, which reflects a decrease of Rs 1.52 or 3.04%. The stock has underperformed its sector by 2.64% today and opened with a loss of 2.74%. It reached an intraday low of Rs 48, marking a drop of 4.04%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 6.91%, and over the past month, it has decreased by 9.01%, further highlighting its struggles compared to the Sensex, which has gained 0.46% and 1.05% respectively during the same periods. There is also a noted decrease in investor participation, with delivery volume falling by 13.04% against the 5-day average.
In the broader market context, while the Sensex has shown positive returns, Manoj Jewellers has significantly lagged behind, particularly in the short term. The stock's recent performance indicates a lack of investor confidence, as evidenced by erratic trading patterns and low liquidity, which may contribute to its downward trajectory. The absence of any positive factors in the dashboard further emphasizes the challenges the company faces in regaining momentum in a market that is otherwise showing signs of growth.