Why is MCON Rasayan falling/rising?

As of 24-Jun, MCON Rasayan India Ltd is experiencing a price increase, with its current price at 108.95, reflecting a rise of 3.95 or 3.76%. Despite this uptick, the stock has shown a significant decline over the past month, down 27.00%, and a year-to-date drop of 48.12%. Today's performance indicates that MCON Rasayan has outperformed its sector by 3.39%, and there has been a notable increase in investor participation, with delivery volume rising by 368.75% compared to the 5-day average. However, the stock is trading below all key moving averages, which suggests ongoing weakness in its price trend. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, MCON Rasayan's short-term performance has been poor compared to the benchmark Sensex, which has gained 0.77% over the past week while MCON has declined by 4.01%. This underperformance is consistent with the stock's longer-term trends, where it has significantly lagged behind the Sensex over the past month and year. The stark contrast between MCON's performance and that of the benchmark indicates that while there may be some short-term recovery, the overall sentiment remains negative, reflecting broader challenges faced by the company.