Why is MFL India falling/rising?

As of 13-Nov, MFL India Ltd is experiencing a decline in its stock price, currently at Rs 0.47, which reflects a decrease of Rs 0.01 or 2.08%. The stock has been underperforming significantly, with a consecutive fall over the last three days resulting in a total drop of 6%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown poor performance over various periods, with a year-to-date decline of 32.86% and a one-year drop of 33.80%. Although the delivery volume has increased by 43.76% compared to the five-day average, this positive aspect is overshadowed by the overall negative performance and the stock being close to its 52-week low.
Broader market context reveals that MFL India’s performance has been notably worse than the benchmark Sensex, which has gained 8.11% year-to-date. Over the past week, MFL India has dropped 7.84%, while the Sensex has risen by 1.40%. This stark contrast highlights the stock's struggles in a generally positive market environment. The liquidity of the stock remains adequate for trading, but the consistent underperformance against the sector and benchmark suggests a lack of investor confidence, contributing to the ongoing decline in its stock price.