Why is Modi Rubber falling/rising?

As of 04-Nov, Modi Rubber Ltd's stock price is currently at Rs 122.50, reflecting a decrease of Rs 5.7 or 4.45%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 5.51% during this period. Today's trading saw the stock open with a loss of 2.5% and reach an intraday low of Rs 122.5. Additionally, the stock's delivery volume has significantly decreased by 67.67% compared to the 5-day average, indicating falling investor participation. While the stock has performed positively over the longer term, with a 3-year return of 72.54%, its recent performance has been lackluster, with a 1-week decline of 6.60%.
In the broader market context, the Sensex has shown a decline of only 1.38% over the past week, suggesting that Modi Rubber's recent performance is notably weaker than the benchmark. Despite a positive return of 4.66% over the past month compared to the Sensex's 2.77%, the stock's year-to-date performance is negative at -0.41%, contrasting with the Sensex's gain of 6.81%. This underperformance relative to the benchmark, combined with the recent drop in trading volume and consecutive price declines, indicates a challenging environment for Modi Rubber Ltd in the short term.