Why is Mercury EV-Tech falling/rising?

As of 28-Oct, Mercury EV-Tech Ltd's stock price is currently at 41.98, reflecting a decrease of 0.18 or 0.43%. The stock has been on a downward trend, having fallen for the last three days with a total decline of 7.33% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the recent struggles, there has been a rise in investor participation, with delivery volume increasing by 17.11% compared to the 5-day average, which suggests some interest in the stock. However, the stock has underperformed significantly over the past week, month, and year, with declines of 7.12%, 11.45%, and 56.27% respectively, compared to the Sensex, which has shown positive returns during these periods. In the broader market context, Mercury EV-Tech's recent performance contrasts sharply with the Sensex, which has gained 0.24% over the past week and 5.22% over the past month. The stark difference in performance highlights the challenges faced by Mercury EV-Tech, as it has not only lagged behind the benchmark but also experienced substantial losses year-to-date, down 53.38% compared to the Sensex's 8.30% gain. This underperformance may be contributing to the negative sentiment surrounding the stock, despite the increased trading volume indicating some level of liquidity and interest from investors.