Why is Martin Burn falling/rising?

As of 17-Oct, Martin Burn Ltd's stock price is currently at Rs 57.80, reflecting a decline of Rs 2.2 or 3.67%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.67% during this period. Today's trading saw the stock open with a gain of 6.67%, reaching an intraday high of Rs 64, but it subsequently fell to a low of Rs 56. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 76.62% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, Martin Burn's performance has been notably poor compared to the Sensex, which has gained 1.76% over the past week while Martin Burn has declined by 7.16%. Over the past month, the stock has decreased by 11.08%, contrasting sharply with the Sensex's modest gain of 1.52%. This underperformance is further highlighted by the year-to-date returns, where Martin Burn has dropped 29.90% compared to the Sensex's increase of 7.44%. The high volatility observed today, with an intraday fluctuation of 6.67%, coupled with the erratic trading pattern, reflects ongoing uncertainty and negative sentiment surrounding the stock.