Why is Mitsu Chem Plast falling/rising?

As of 19-Nov, Mitsu Chem Plast Ltd is experiencing a decline in its stock price, currently at Rs 98.00, which reflects a decrease of Rs 2.7 or 2.68%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -10.91% over that period. Today, it opened with a loss of 2.38% and reached an intraday low of Rs 94.1, marking a significant drop of 6.55%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 109.19% against the 5-day average, the overall sentiment remains negative as there are no positive factors reported to counterbalance the stock's recent performance.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.85% over the past week, Mitsu Chem Plast's performance has been significantly weaker, with a 1-week return of -10.91%. This stark contrast highlights the stock's struggles relative to the broader market, as it has also underperformed over longer periods, including a year-to-date decline of 12.58% against the Sensex's 9.02% gain. The liquidity of the stock appears adequate for trading, but the prevailing downward trend and the lack of positive news contribute to the ongoing decline in its price.