Why is Modern Dairies falling/rising?

As of 17-Oct, Modern Dairies Ltd is experiencing a decline in its stock price, currently at Rs 40.95, reflecting a decrease of Rs 1.65 or 3.87%. The stock has hit a new 52-week low of Rs 38.21 today and has been underperforming its sector by 5.04%. Over the past three days, the stock has consecutively fallen, resulting in a total decline of 5.97%. Additionally, it is trading below all moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Despite a significant intraday volatility of 7.32% and a rise in delivery volume by 27.46% against the 5-day average, the overall sentiment remains negative, contributing to the stock's downward movement.
Broader market context shows that while Modern Dairies has seen a substantial decline of 32.70% year-to-date, the benchmark Sensex has increased by 7.44% during the same period. In the short term, the stock's performance over the past week is down by 7.21%, contrasting sharply with the Sensex's gain of 1.76%. This stark difference highlights the stock's struggles relative to the broader market, further emphasizing the challenges faced by Modern Dairies amidst a generally positive market environment.