Why is MCON Rasayan falling/rising?

As of 22-Jul, MCON Rasayan India Ltd is currently priced at Rs. 98.00, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 95, indicating a downward trend. Over the past week, the stock has declined by 6.67%, and it has experienced a significant year-to-date drop of 53.33%. Additionally, MCON Rasayan is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment. However, there has been a notable increase in investor participation, with delivery volume rising by 228.57% against the 5-day average, indicating some interest despite the overall decline. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movements.
In the broader market context, MCON Rasayan's performance has been significantly worse than the benchmark Sensex, which has only declined by 0.54% over the past week. This stark contrast highlights the stock's underperformance, as it has not only fallen more sharply in the short term but also year-to-date compared to the Sensex's gain of 5.99%. The liquidity of the stock remains adequate for trading, but the overall negative returns and the recent new low suggest that investor sentiment is currently unfavorable towards MCON Rasayan.