Why is Mehai Technology falling/rising?

As of 11-Nov, Mehai Technology Ltd's stock price is currently at Rs. 3.59, reflecting a decrease of Rs. 0.18 or 4.77%. The stock has hit a new 52-week low today and has been on a consecutive decline for the last 16 days, resulting in a significant drop of 54.15% during this period. Additionally, the stock has underperformed its sector by 6.53%. Over the past week, Mehai Technology has experienced a staggering decline of 17.85%, and its year-to-date performance shows a decline of 77.74%. The stock is trading below all its moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 276.54% against the 5-day average, the overall sentiment remains negative. In the broader market context, the Sensex has shown a modest gain of 0.49% over the past week, contrasting sharply with Mehai Technology's significant decline. This underperformance highlights the stock's struggles relative to the market. Furthermore, while the stock has shown impressive returns over the longer term, such as a 185.61% increase over the past three years, the recent trends indicate a troubling short-term outlook. The lack of positive factors in the dashboard further emphasizes the challenges faced by Mehai Technology in the current market environment.