Why is Meson Valves Ind falling/rising?

As of 01-Jul, Meson Valves India Ltd is experiencing a decline in its stock price, currently at Rs 380.15, which reflects a decrease of Rs 10.6 or 2.71%. The stock has underperformed its sector by 1.85% today, reaching an intraday low of Rs 380. The trading volume indicates a significant drop in investor participation, with a delivery volume of 19.6k on June 30, down by 62.07% compared to the 5-day average. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past year, the stock has seen a substantial decline of 66.44%, contrasting sharply with the Sensex, which has gained 5.31% in the same period.
In the broader market context, the stock's performance over the past week and month has also been negative, with declines of 4.96% and 2.97%, respectively, while the Sensex has increased by 2.00% and 2.76% during those periods. This underperformance highlights a significant divergence between Meson Valves India Ltd and the overall market, indicating potential concerns among investors regarding the company's prospects. The lack of available positive factors further exacerbates the situation, as there are no indications of favorable developments that could support a price recovery.