Why is Mefcom Capital falling/rising?

As of 30-Oct, Mefcom Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs. 14.59, which reflects a decrease of Rs. 0.34 or 2.28%. The stock has hit a new 52-week low of Rs. 13.25 today and has underperformed its sector by 1.76%. Over the last two days, the stock has consistently fallen, resulting in a total decline of 2.41% during this period. Additionally, Mefcom Capital is trading below its moving averages across various time frames, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 54.17% against the 5-day average, the overall performance remains negative, and no specific positive or negative factors were provided to explain the recent movement.
In the broader market context, Mefcom Capital's short-term performance has been significantly worse than the benchmark, as it has recorded a 4.83% decline over the past week compared to the Sensex's slight decrease of 0.18%. Furthermore, the stock's year-to-date performance shows a substantial drop of 33.83%, while the Sensex has gained 8.02% during the same period. This stark contrast highlights the challenges Mefcom Capital is facing relative to the overall market, contributing to the downward pressure on its stock price.