Why is Mega Flex Plast. falling/rising?

As of 24-Jun, Mega Flex Plastics Ltd is experiencing a decline in its stock price, currently at 52.50, which represents a decrease of 1.4 or 2.6%. The stock has underperformed its sector by 4.22% today, and while it is trading higher than its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has dropped by 3.40%, and in the last month, it has seen a significant decline of 12.28%. Despite a strong yearly performance of 42.28%, the recent trends indicate a negative shift in momentum. There is a notable increase in investor participation, with delivery volume rising by 42.86% against the 5-day average, suggesting some interest in the stock despite its current downturn.
In the broader market context, the Sensex has shown resilience with a 0.77% gain over the past week and month, contrasting sharply with Mega Flex's recent performance. Year-to-date, while Mega Flex has only decreased by 0.76%, the benchmark has increased by 5.92%, indicating that the stock is lagging behind the overall market. This underperformance may be contributing to the downward pressure on Mega Flex's stock price, as investors may be favoring other opportunities that are yielding better returns. Overall, the combination of recent declines, underperformance relative to the sector, and the broader market's positive trajectory suggests that Mega Flex Plastics Ltd is facing challenges that are impacting its stock price negatively.