Why is Mercury EV-Tech falling/rising?

As of 12-Sep, Mercury EV-Tech Ltd's stock price is currently at Rs 47.73, reflecting a decline of Rs 1.83 or 3.69%. The stock has been underperforming, having lost 6.69% over the last three days, and it is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a significant decline of 7.28%, while its year-to-date return is down by 46.99%. The delivery volume has also decreased by 31.76% compared to the five-day average, suggesting falling investor participation, which could further contribute to the downward pressure on the stock price. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, the Sensex has shown a positive return of 1.48% over the past week, contrasting sharply with Mercury EV-Tech's decline. This underperformance against the benchmark indicates that investor sentiment towards Mercury EV-Tech is weak compared to the overall market. The stock's year-to-date performance is particularly concerning, as it has significantly lagged behind the Sensex, which has gained 4.82% during the same period. This disparity highlights the challenges faced by Mercury EV-Tech in attracting investor confidence amidst a generally positive market environment.