Why is Meera Industries falling/rising?

As of 15-Oct, Meera Industries Ltd is experiencing a decline in its stock price, currently at Rs 57.05, which reflects a decrease of 3.03 points or 5.04%. The stock has been underperforming significantly, having fallen consecutively for the last three days, resulting in a total drop of 10.02% during this period. Despite opening with a gain of 4.36% today and reaching an intraday high of Rs 62.7, it has also touched a low of Rs 55.99. The stock is trading below all key moving averages and has seen a notable drop in investor participation, with delivery volume decreasing by 48.58% compared to the five-day average. The absence of positive factors in the dashboard further indicates a lack of supportive news or sentiment for the stock.
Broader market context shows that Meera Industries has significantly underperformed against the benchmark Sensex, with a one-week return of -16.34% compared to the Sensex's gain of 1.02%. Over the year-to-date, the stock has declined by 24.72%, while the Sensex has increased by 5.72%. This stark contrast highlights the stock's struggles in the current market environment, where it has consistently lagged behind broader market trends, contributing to its downward trajectory.