Why is Modern Threads falling/rising?

As of 09-Sep, Modern Threads (I) Ltd is experiencing a decline in its stock price, currently at Rs 56.05, which reflects a decrease of 2.95 (-5.0%). The stock has underperformed its sector by 5.02% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.4% during this period. Despite opening with a gain of 4.24% and reaching an intraday high of Rs 61.5, the stock fell to its current low of Rs 56.05. Additionally, the stock has shown high volatility today, with an intraday volatility of 13.41%. The delivery volume has significantly decreased by 83.6% compared to the 5-day average, indicating falling investor participation, which may contribute to the stock's recent decline.
In the broader market context, Modern Threads has underperformed the Sensex, which has gained 1.18% over the past week while the stock has dropped by 3.28%. Over the past month, however, the stock has shown a positive return of 16.63%, outperforming the Sensex's 1.56% gain. Year-to-date, the stock is up 11.21%, compared to the Sensex's 3.79%. Despite these positive longer-term trends, the recent performance indicates a struggle against both sector performance and investor sentiment, which may be influencing the current downward movement in the stock price.