Why is MCON Rasayan falling/rising?

As of 24-Sep, MCON Rasayan India Ltd is experiencing a decline in its stock price, currently at Rs. 64.90, which reflects a decrease of 3.35 (-4.91%). The stock has hit a new 52-week low today at Rs. 64.85 and has underperformed its sector by 5.29%. Over the past week, the stock has seen a significant drop of 11.88%, and its year-to-date performance shows a staggering decline of 69.10%. Additionally, MCON Rasayan is trading below all its moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 112.77% against the 5-day average, the overall sentiment remains negative.
In the broader market context, the Sensex has only declined by 1.08% over the past week, contrasting sharply with MCON Rasayan's performance. This suggests that the stock's decline is not merely a reflection of market conditions but rather specific issues affecting the company itself. The stock's year-to-date performance is significantly worse than the Sensex, which has gained 5.97% during the same period. This stark difference highlights the challenges MCON Rasayan is facing relative to the overall market, contributing to its continued downward trajectory.