Why is Modipon falling/rising?

As of 13-Nov, Modipon Ltd's stock price is currently at Rs 38.36, reflecting a decline of Rs 1.27, or 3.2%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 11.12% during this period. It has also underperformed its sector by 2.99% today. The stock 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 by 126.18% against the 5-day average, the overall performance remains weak, and there are no positive factors available to counterbalance the negative sentiment surrounding the stock.
Broader market context shows that Modipon Ltd has significantly underperformed compared to the Sensex, with a 1-week return of -10.75% against the benchmark's +1.40%. Over the past month, the stock has declined by 8.64%, while the Sensex has gained 2.61%. Year-to-date, Modipon has seen a staggering drop of 36.70%, contrasting sharply with the Sensex's rise of 8.11%. This stark divergence highlights the challenges faced by Modipon in the current market environment, contributing to the ongoing decline in its stock price.