Why is Modern Threads falling/rising?

As of 08-Sep, Modern Threads (I) Ltd is experiencing a decline in its stock price, currently at 59.00, which reflects a decrease of 0.25 or 0.42%. The stock has underperformed its sector by 1.46% today and has seen a trend reversal after two consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 1.78% and 22.76%, respectively. However, there has been a significant drop in investor participation, with delivery volume falling by 62.3% compared to the 5-day average, indicating reduced trading interest. Additionally, the stock is trading above its moving averages across various time frames, suggesting a generally positive trend prior to this decline.
In the broader market context, Modern Threads has outperformed the Sensex over the past week and month, with respective returns of 1.78% compared to 0.53% for the benchmark and 22.76% compared to 1.16%. However, the stock's year-to-date performance of 17.06% is still notably higher than the Sensex's 3.39%, indicating that while the stock has been strong recently, it is currently facing some headwinds. The overall market sentiment may be influencing the stock's recent price movement, particularly given the significant drop in trading volume and the recent trend reversal.