Why is Megatherm Indu. falling/rising?

As of 17-Nov, Megatherm Induction Ltd's stock price is currently at Rs. 230.75, reflecting a decline of Rs. 16.85, or 6.81%. The stock has hit a new 52-week low of Rs. 225.55 today and has underperformed its sector by 7.37%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 10.00%, and year-to-date, it has fallen by 28.59%, contrasting sharply with the Sensex, which has gained 10.02% during the same period. There is a notable decline in investor participation, with delivery volume dropping by 37.13% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, while the Sensex has shown positive returns, Megatherm Induction Ltd's performance has been significantly negative, with a 1-month decline of 9.83% compared to the Sensex's gain of 1.18%. This stark contrast highlights the stock's struggle against the overall market trend. The lack of available positive factors further exacerbates the situation, as there are no indications of potential catalysts that could reverse the current downward trajectory. The liquidity of the stock remains adequate for trading, but the overall sentiment appears to be bearish, contributing to the ongoing decline in its price.