Why is Mohit Industries falling/rising?

As of 17-Nov, Mohit Industries Ltd's stock price is currently at Rs 30.75, reflecting a decline of Rs 1.25, or 3.91%. The stock has been underperforming, having lost 8.83% over the past week and 7.93% over the past month. Today, the stock opened with a gain of 4.53%, reaching an intraday high of Rs 33.45, but it subsequently fell to a low of Rs 30.4, indicating high volatility with a wide trading range of Rs 3.05. Additionally, the stock is 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 10.9% increase in delivery volume on November 14, the overall performance remains negative, and there is no available information on positive or negative factors impacting the stock.
Broader market context shows that Mohit Industries has significantly underperformed compared to the Sensex, which has gained 1.69% over the past week while Mohit Industries has declined by 8.83%. This stark contrast highlights the stock's struggles in the current market environment. Year-to-date, Mohit Industries has seen a substantial decline of 31.04%, while the Sensex has increased by 8.72%, further emphasizing the stock's challenges relative to the broader market. The combination of these factors indicates that Mohit Industries is facing considerable headwinds, contributing to its recent price decline.