Why is MTAR Technologie falling/rising?

As of 07-Aug, MTAR Technologies Ltd is experiencing a decline in its stock price, currently at 1,495.00, which reflects a decrease of 56.85 points or 3.66%. The stock has underperformed its sector by 2.84% today and has been on a downward trend for the last two days, accumulating a total loss of 5.92% during this period. Additionally, the stock has shown a negative performance over the past month, down 4.56%, and a significant decline of 17.46% over the past year. The stock's current trading volume indicates a higher participation rate, with a notable increase in delivery volume, suggesting some investor interest despite the price drop. However, the stock is trading below its longer-term moving averages, indicating a bearish trend.
In the broader market context, the Sensex has shown a slight decline of 0.69% over the past week, while MTAR Technologies has managed a positive return of 1.51% in the same timeframe, indicating some resilience relative to the benchmark. However, when looking at the year-to-date performance, MTAR Technologies has underperformed significantly, with a decline of 9.23% compared to the Sensex's gain of 3.18%. This disparity highlights the challenges faced by MTAR Technologies in maintaining investor confidence and market performance, particularly in light of its recent consecutive losses and overall negative returns over the longer term.