Why is Mitsu Chem Plast falling/rising?

As of 17-Nov, Mitsu Chem Plast Ltd's stock price is currently at 104.70, reflecting a decrease of 2.35, or 2.2%. The stock has been underperforming, having lost 4.82% over the last three days and showing a significant decline of 10.01% over the past week. Although it opened today with a gain of 4.62% and reached an intraday high of Rs 112, it also touched a low of Rs 103.1. The stock's performance has been weak compared to the benchmark, with year-to-date returns of -6.60% versus the Sensex's +8.72%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 56.14% against the five-day average, indicating reduced interest in the stock.
Broader Market Context: In the context of the broader market, Mitsu Chem Plast's recent performance contrasts sharply with the Sensex, which has gained 1.69% over the past week. While the stock has shown some positive movement in the last month with a 5.60% increase, its longer-term performance remains concerning, particularly with a staggering 56.63% decline over the past three years compared to the Sensex's 37.57% gain. This underperformance in both short-term and long-term metrics suggests that the stock is struggling to attract investor confidence, especially in light of the broader market's upward trend.