Why is MFL India falling/rising?

As of 07-Nov, MFL India Ltd's stock price is currently at Rs.0.50, reflecting a decrease of Rs.0.01 or 1.96%. The stock has hit a new 52-week low today and has underperformed its sector by 1.5%. Additionally, MFL India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.85%, and year-to-date, it has fallen by 28.57%. Despite this decline, there has been a notable increase in investor participation, with delivery volume rising by 123.48% compared to the 5-day average, suggesting some interest in the stock despite its poor performance.
In the broader market context, MFL India's recent performance contrasts sharply with the Sensex, which has gained 6.50% year-to-date. While the benchmark has shown resilience, MFL India has significantly lagged, with a year-over-year decline of 32.43% compared to the Sensex's 4.62% increase. This stark difference in performance highlights the challenges faced by MFL India in attracting investor confidence, especially as it continues to trade at low levels and underperform relative to the market.