Why is MCON Rasayan falling/rising?

As of 23-Sep, MCON Rasayan India Ltd is experiencing a decline in its stock price, currently at Rs. 68.25, reflecting a decrease of Rs. 3.15 or 4.41%. The stock has hit a new 52-week low today and is underperforming its sector by 3.28%. 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 has also seen a significant drop in investor participation, with delivery volume falling by 20.45% compared to the 5-day average. Over the past week, the stock has decreased by 11.94%, and year-to-date, it has plummeted by 67.50%, while the Sensex has gained 6.45% during the same period.
In the broader market context, MCON Rasayan's short-term performance is significantly worse than the benchmark, as it has declined sharply while the Sensex has only slightly decreased by 0.28% over the past week. This stark contrast highlights the stock's struggles relative to the overall market. The lack of positive factors in the provided data further emphasizes the challenges facing MCON Rasayan, contributing to its ongoing decline in stock price.