Why is Mewar Hi-Tech falling/rising?

As of 12-Nov, Mewar Hi-Tech Engineering Ltd's stock price is currently at Rs 68.59, reflecting a decrease of Rs 3.61, or 5.0%. The stock has underperformed its sector by 4.36% today, despite opening with a gain of 5% and reaching an intraday high of Rs 75.81. However, it also touched a low of Rs 68.59, indicating significant volatility with an intraday range of Rs 7.22. The stock's performance over the past week shows a decline of 8.33%, while it has increased by 7.44% over the past month. Year-to-date, the stock is down 17.04%, contrasting with the Sensex, which has gained 8.10%. Notably, there has been a decline in investor participation, with delivery volume falling by 9.09% against the 5-day average, suggesting a lack of confidence among investors.
Broader Market Context: In the context of the broader market, Mewar Hi-Tech's recent performance has been notably weaker than the Sensex, which has increased by 1.21% over the past week. This underperformance may be attributed to the stock's high volatility and erratic trading patterns, as it did not trade on 2 out of the last 20 days. Additionally, while the stock is trading above its 20-day, 50-day, and 200-day moving averages, it remains below its 5-day and 100-day moving averages, indicating mixed signals for investors. Overall, the combination of declining investor participation and significant price fluctuations has contributed to the stock's downward movement.