Why is MILGREY FIN.&INV falling/rising?

As of 12-Nov, Milgrey Finance & Investments Ltd is experiencing a decline in its stock price, currently at Rs 66.07, which reflects a decrease of Rs 3.04 or 4.4%. The stock has underperformed its sector by 5.09% today, touching an intraday low of Rs 65.66, indicating significant selling pressure. 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 week, the stock has fallen by 12.54%, and it has seen a substantial decline of 26.59% over the past month. Despite a year-over-year increase of 10.93%, the year-to-date performance shows a significant drop of 35.23%, highlighting recent struggles. There is a slight positive note with rising investor participation, as the delivery volume increased by 16.82% against the 5-day average, but this has not been enough to counteract the overall downward movement.
In the broader market context, the Sensex has shown resilience with a 1.21% increase over the past week and an 8.10% rise year-to-date, contrasting sharply with Milgrey's poor performance. This divergence indicates that while the overall market is gaining, Milgrey is lagging significantly behind, which may be contributing to investor sentiment and selling pressure. The stock's liquidity remains adequate for trading, but the persistent underperformance compared to the benchmark suggests that investors may be cautious about holding onto the stock in the current market environment.