Why is Meghmani Organi. falling/rising?

As of 08-Aug, Meghmani Organics Ltd's stock price is currently at Rs 85.50, reflecting a decrease of Rs 1.76 or 2.02%. The stock has underperformed its sector by 1.42% today, having touched an intraday low of Rs 85.4, which is a decline of 2.13%. Over the past week, the stock has seen a significant drop of 9.38%, and it has also fallen by 13.02% over the last month. Additionally, the stock's delivery volume has decreased by 43% compared to the 5-day average, indicating a decline in investor participation. While the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, suggesting a bearish trend.
Broader market context shows that the Sensex has only declined by 0.92% over the past week, indicating that Meghmani Organics Ltd's performance is significantly worse than the broader market. Year-to-date, the stock has gained 11.15%, which is a positive sign compared to the Sensex's 2.20% increase, but the longer-term view is less favorable, with a 3-year decline of 30.03% against the Sensex's gain of 35.69%. This underperformance in both short-term and long-term metrics, coupled with falling investor interest, contributes to the stock's current downward movement.