Why is Mewar Hi-Tech falling/rising?

As of 10-Jul, Mewar Hi-Tech Engineering Ltd is experiencing a decline in its stock price, currently at Rs 67.69, which represents a decrease of 3.56 or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 9.75% during this period. Additionally, it is close to its 52-week low, just 1.76% away from Rs 66.5. In terms of performance against benchmarks, the stock has seen a significant drop of 33.64% over the past month, while the Sensex has increased by 0.97%. Despite being higher than the 100-day and 200-day moving averages, it is lower than the 5-day, 20-day, and 50-day moving averages, indicating a short-term weakness. Notably, there has been a rise in investor participation, with delivery volume increasing by 53.85% against the 5-day average, suggesting some interest despite the price decline.
In the broader market context, Mewar Hi-Tech's recent performance contrasts sharply with the Sensex, which has only seen a minor decline of 0.06% over the past week. The stock's year-to-date performance shows a decline of 18.13%, while the Sensex has gained 6.46%, highlighting a significant underperformance relative to the market. This disparity in returns may reflect investor sentiment and market conditions that are unfavorable for Mewar Hi-Tech, contributing to its recent price drop. Overall, the combination of negative short-term performance, proximity to a 52-week low, and underperformance against the benchmark indicates a challenging environment for the stock.