Why is MPIL Corporation falling/rising?

As of 25-Jul, MPIL Corporation Ltd is experiencing a decline in its stock price, currently at 520.10, which reflects a decrease of 27.35 or 5.0%. Today's price summary indicates that the stock underperformed its sector by 2.87% and opened with a significant loss of 5%. It has not shown any price range movement, remaining stagnant at the opening price. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 5.07%, while its year-to-date performance is down by 13.86%. There is also a notable drop in investor participation, with delivery volume falling by 44.44% compared to the 5-day average, which suggests a lack of interest from investors.
In the broader market context, the Sensex has only decreased by 0.36% over the past week, indicating that MPIL Corporation's decline is more pronounced than the overall market. While the stock has shown some positive performance over the longer term, with a 106.14% increase over the past three years, its recent performance contrasts sharply with the benchmark's 4.25% year-to-date gain. The textile machinery sector, in which MPIL operates, has also seen a decline of 2.11%, further contributing to the negative sentiment surrounding the stock. Overall, the combination of poor trading performance, declining investor interest, and sector-wide challenges has led to the stock's recent downward movement.