Why is MCON Rasayan falling/rising?

As of 18-Sep, MCON Rasayan India Ltd's stock price is currently at Rs. 75.10, reflecting an increase of Rs. 1.45 or 1.97%. Despite this upward movement today, the stock has experienced significant declines over the past week and month, with returns of -7.85% and -7.28%, respectively. The stock also hit a new 52-week low of Rs. 71.4 earlier today. However, it has outperformed its sector by 2.21%, and there has been a notable increase in investor participation, with delivery volume rising by 431.25% compared to the 5-day average. The stock is currently trading below all key moving averages, indicating a bearish trend, and there are no positive or negative dashboard insights available to further clarify the stock's recent performance.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.67% over the past week and 2.20% over the past month, MCON Rasayan's performance has been considerably weaker. Year-to-date, the stock has plummeted by 64.24%, while the Sensex has risen by 7.52%. This stark contrast highlights the challenges faced by MCON Rasayan in the current market environment, despite today's slight recovery. The broader market's positive momentum does not seem to be benefiting MCON Rasayan, as it continues to struggle with significant losses over longer periods.