Why is Manoj Jewellers falling/rising?

As of 27-Oct, Manoj Jewellers Ltd is experiencing a decline in its stock price, currently at Rs. 42.00, which reflects a decrease of Rs. 3.9 or 8.5%. The stock has been underperforming significantly, with a consecutive fall over the last four days, resulting in a total decline of 13.93% in the past week. Today, the stock hit a new 52-week low of Rs. 37, marking a substantial intraday drop of 19.39%. Additionally, the stock has shown high volatility with an intraday volatility of 10.24% and has been trading below its moving averages across multiple time frames. The delivery volume has also decreased sharply by 61.54% compared to the 5-day average, indicating falling investor participation.
In the broader market context, while the Sensex has gained 0.49% over the past week, Manoj Jewellers has significantly lagged behind with a decline of 13.93%. This stark contrast highlights the stock's poor performance relative to the benchmark. The stock's erratic trading patterns, including a lack of trading on one day out of the last 20, further contribute to its instability. Overall, the combination of negative returns, high volatility, and reduced investor interest suggests a challenging environment for Manoj Jewellers, leading to its current price decline.