Why is Modern Steels falling/rising?

As of 10-Nov, Modern Steels Ltd is experiencing a decline in its stock price, currently at 16.67, which reflects a decrease of 0.24 or 1.42%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.4% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In the context of benchmark returns, Modern Steels has underperformed significantly over various time frames, with a year-to-date decline of 12.26% compared to a 6.91% increase in the Sensex, and a one-year drop of 22.39% against a 5.09% rise in the benchmark. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In the short term, Modern Steels has underperformed the Sensex, with a weekly decline of 2.80% compared to the benchmark's smaller drop of 0.53%. This trend of underperformance is further highlighted by the stock's negative returns over the past month and year, contrasting sharply with the positive performance of the broader market. Despite a notable increase in investor participation, as indicated by a significant rise in delivery volume, the overall market sentiment appears to be unfavorable for Modern Steels, contributing to its declining stock price.