Why is MCON Rasayan falling/rising?

As of 22-Sep, MCON Rasayan India Ltd is experiencing a decline in its stock price, currently at Rs. 71.40, which reflects a decrease of Rs. 1.6 or 2.19%. The stock has hit a new 52-week low of Rs. 70.05 today and has underperformed its sector by 2.24%. Additionally, MCON Rasayan is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a significant decline of 7.81%, and year-to-date, it has plummeted by 66.00%. The delivery volume has also seen a drastic drop of 69.39% compared to the 5-day average, suggesting a decrease in investor participation.
Broader market context indicates that while the Sensex has gained 0.53% over the past week, MCON Rasayan's performance has been notably poor in comparison. The stock's year-to-date return of -66.00% starkly contrasts with the Sensex's positive return of 6.59%, highlighting the stock's struggles relative to the broader market. This divergence suggests that MCON Rasayan is facing specific challenges that are not affecting the overall market, contributing to its declining price.