Why is Modipon falling/rising?

As of 23-Sep, Modipon Ltd's stock price is currently at Rs 40.05, reflecting a decline of Rs 1.95 or 4.64%. Today's price summary indicates that the stock underperformed its sector by 4.02%, with erratic trading patterns noted as it did not trade on one day out of the last twenty. The stock opened with a gain of 5% but reached an intraday low of Rs 40.01, indicating volatility. Additionally, Modipon has been trading below its moving averages across various time frames, and there has been a significant drop in investor participation, with delivery volume decreasing by 62.17% compared to the five-day average. The stock has shown a poor performance over the past week and month, with declines of 6.49% and 6.84%, respectively, and a year-to-date drop of 33.91%.
In the broader market context, Modipon's recent performance contrasts sharply with the Sensex, which has increased by 0.98% over the past month. While the benchmark index has shown resilience, Modipon has struggled significantly, evidenced by its year-to-date decline of 33.91% compared to the Sensex's positive return of 5.07%. This stark difference highlights the challenges faced by Modipon in attracting investor interest and maintaining liquidity, further exacerbated by its recent erratic trading behavior and lower participation rates.