Why is MPL Plastics falling/rising?

As of 08-Aug, MPL Plastics Ltd is experiencing a slight decline in its stock price, currently at Rs 8.90, reflecting a decrease of Rs 0.01 or 0.11%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has underperformed with a return of -1.11%, compared to the Sensex's decline of -0.92%. Additionally, the stock is currently 4.49% away from its 52-week low of Rs 8.50. However, there has been a rise in investor participation, with a delivery volume increase of 13.25% against the 5-day average, suggesting some interest despite the overall downward movement.
In the broader market context, MPL Plastics has significantly underperformed the Sensex over various time frames, with a year-to-date return of -27.47% compared to the Sensex's gain of 2.20%. The stock's performance over the past month and year has also been notably poor, with declines of -10.19% and -36.43%, respectively. This stark contrast highlights the challenges faced by MPL Plastics in the current market environment, which may be contributing to the stock's recent price movement. The lack of available positive or negative factors further complicates the outlook, leaving investors to navigate a landscape of declining performance relative to the benchmark.