Why is Modern Threads falling/rising?

As of 17-Sep, Modern Threads (I) Ltd is experiencing a decline in its stock price, currently at Rs 50.74, which reflects a decrease of Rs 3.26 or 6.04%. The stock has underperformed its sector by 7.05% today and has been on a downward trend for the last two days, accumulating a total loss of 8.25% during this period. Additionally, the stock's performance over the past week shows a significant decline of 12.50%, while its year-to-date return is modest at 0.67%. The stock is trading below its 5-day, 20-day, and 50-day moving averages, although it remains above the 100-day and 200-day moving averages. There has been a notable increase in investor participation, with delivery volume rising by 166.26% compared to the 5-day average, indicating some interest despite the price drop.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.56% over the past week, Modern Threads' performance has been significantly weaker. The Sensex has also shown a positive return of 2.60% over the past month, while Modern Threads has managed a gain of only 9.61% in the same timeframe. This stark contrast highlights the stock's struggles relative to the broader market, contributing to investor sentiment that may be driving the stock's recent decline. Overall, the combination of underperformance against both its sector and the benchmark, along with the recent consecutive price falls, suggests a challenging environment for Modern Threads at this time.