Why is Mercury Labs falling/rising?

As of 03-Nov, Mercury Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 849.40, which reflects a decrease of Rs 14.8 or 1.71%. The stock has underperformed its sector by 3.01% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.04%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's year-to-date performance shows a decline of 5.20%, contrasting with the Sensex's gain of 7.47%, and over the past year, it has fallen by 7.17% compared to the benchmark's increase of 5.34%. Notably, there has been a significant drop in investor participation, with a delivery volume of 0 on October 31, which is a 100% decrease against the 5-day average.
In the broader market context, while the Sensex has shown a positive return of 3.41% over the past month, Mercury Laboratories Ltd has remained relatively flat with a slight decline of 0.07%. This underperformance against the benchmark highlights the challenges the company is facing in attracting investor interest and maintaining momentum in its stock price. The liquidity of the stock is also noted to be adequate for trading, but the lack of positive factors or news to counteract the recent negative trends may continue to weigh on its performance.