Why is Modipon falling/rising?

As of 06-Oct, Modipon Ltd's stock price is currently at Rs 39.19, reflecting a decline of Rs 2.06 or 4.99%. The stock opened the day with a gain of 4.99%, reaching an intraday high of Rs 43.31, but subsequently fell to its current price, indicating significant volatility with a wide trading range of Rs 4.12. Over the past week, the stock has underperformed the sector by 4.43%, and its performance over the last month shows a decline of 8.84%. Additionally, Modipon has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. While there has been a rise in investor participation, as indicated by a 34.27% increase in delivery volume on October 3rd, the overall sentiment appears negative, with no positive factors available to counterbalance the stock's recent performance.
Broader market context indicates that Modipon's short-term performance is significantly lagging behind the benchmark Sensex, which has gained 1.77% over the past week. The stark contrast in returns, with Modipon down 4.72% compared to the Sensex's positive movement, highlights the stock's struggles in the current market environment. Year-to-date, Modipon has seen a substantial decline of 35.33%, while the Sensex has increased by 4.67%, further emphasizing the stock's underperformance relative to broader market trends. This persistent decline, coupled with the lack of positive factors, suggests that investor confidence in Modipon is waning, contributing to its falling stock price.