Why is Minaxi Textiles falling/rising?

As of 29-Oct, Minaxi Textiles Ltd is experiencing a decline in its stock price, currently at 1.78, which represents a decrease of 0.06 or 3.26%. The stock has been underperforming, having lost 5.32% over the last three days and is trading below all key moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 65.04% compared to the 5-day average, suggesting falling investor participation. Over the past year, the stock has seen a substantial decline of 18.35%, while its year-to-date performance shows a drop of 20.89%, further highlighting its struggles in the market.
In the broader market context, Minaxi Textiles' recent performance contrasts sharply with the Sensex, which has gained 0.68% over the past week and 5.76% over the past month. While the stock has shown a modest increase of 3.49% over the past month, it still lags behind the benchmark's performance. The significant underperformance of the stock, particularly in the short term, indicates a lack of confidence among investors, which is compounded by the overall market's positive momentum.