Why is Modi Rubber falling/rising?

As of 09-Oct, Modi Rubber Ltd is experiencing a decline in its stock price, currently at Rs 124.20, which reflects a decrease of Rs 13.0 or 9.48%. Today's trading performance has been characterized by high volatility, with the stock opening with a gain of 5.83% but subsequently reaching an intraday low of Rs 123.3, marking a drop of 10.13%. Despite this fluctuation, the stock has shown positive returns over the past week and month, with increases of 6.11% and 8.05%, respectively. However, it has underperformed its sector by 9.51% today, and the weighted average price indicates that more volume traded closer to the low price, suggesting selling pressure. Additionally, while the stock is trading above its moving averages, the erratic trading pattern and high volatility may have contributed to investor uncertainty.
In the broader market context, Modi Rubber's short-term performance has outpaced the benchmark Sensex over the past week and month, where the Sensex has only risen by 1.47% and 1.32%, respectively. However, the year-to-date performance of Modi Rubber shows a modest gain of 0.98%, which is significantly lower than the Sensex's 5.16% increase. This underperformance over the longer term, particularly the 1-year return of -2.05% compared to the Sensex's 0.87%, may be influencing investor sentiment negatively. Overall, while there are some positive indicators such as rising investor participation, the recent price drop and high volatility suggest a challenging environment for the stock.