Why is Modern Threads falling/rising?

As of 31-Jul, Modern Threads (I) Ltd is experiencing a decline in its stock price, currently at Rs 49.21, which reflects a decrease of Rs 2.57 or 4.96%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.71% during this period. Today, it opened with a significant loss of 4.98% and reached an intraday low of Rs 49.20. Additionally, the stock's performance over the past week shows a decline of 4.35%, while its year-to-date performance indicates a decrease of 2.36%. The delivery volume has also seen a sharp decline of 63.25% compared to the five-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.22% over the same one-week period. The textile sector, in which Modern Threads operates, has also seen a downturn, falling by 2.44%. While the stock has outperformed the benchmark over the past month with a gain of 3.60%, its longer-term performance remains concerning, with a significant 26.11% decline over the past year compared to the Sensex's slight decrease of 0.68%. This combination of sector-wide challenges and poor stock performance relative to the benchmark suggests a difficult environment for Modern Threads.