Why is Modipon falling/rising?

As of 17-Sep, Modipon Ltd's stock price is currently at 40.05, reflecting a decline of 2.78, or 6.49%. The stock has underperformed its sector today by 7.5% and has experienced a trend reversal, falling after three consecutive days of gains. It opened with a loss of 6.49% and has since traded at this price, touching an intraday low of Rs 40.05. Modipon is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume, which rose by 203.56% against the 5-day average, the stock's long-term fundamentals are weak, characterized by a negative book value and high debt levels, contributing to its recent price decline.
In the broader market context, Modipon's performance over the past week shows a decline of 6.60%, while the Sensex has gained 1.56%, highlighting a significant underperformance relative to the benchmark. Over the past year, Modipon has generated a return of -36.70%, contrasting sharply with the Sensex's slight decline of 0.46%. This underperformance is compounded by the company's weak long-term growth prospects, as evidenced by stagnant net sales and operating profit over the last five years. The high institutional holdings at 21.42% suggest that informed investors are cautious, further indicating the stock's risky nature due to negative EBITDA and poor historical valuations.