Why is Marco Cables falling/rising?

As of 04-Aug, Marco Cables & Conductors Ltd is experiencing a decline in its stock price, currently at Rs 39.85, which reflects a decrease of Rs 1.65 or 3.98%. The stock has underperformed its sector by 5.15% today, reaching an intraday low of Rs 39.1, which is a drop of 5.78%. 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 delivery volume has also decreased significantly, falling by 46.43% compared to the 5-day average, suggesting a decline in investor participation. The stock's performance over the past week shows a drop of 3.51%, and it has underperformed the benchmark Sensex, which has gained 0.17%.
In the broader market context, while the Sensex has shown a positive return of 4.56% year-to-date, Marco Cables has seen a substantial decline of 37.54% in the same period. This stark contrast highlights the stock's struggles relative to the overall market performance. The negative sentiment surrounding Marco Cables is further emphasized by its poor performance over the past month, where it has dropped 8.71%, compared to the Sensex's decline of only 2.90%. Overall, the combination of declining investor interest, poor technical indicators, and significant underperformance against the benchmark suggests a challenging environment for Marco Cables & Conductors Ltd.