Why is Multibase India falling/rising?

As of 13-Nov, Multibase India Ltd is experiencing a decline in its stock price, currently at Rs 238.60, which represents a decrease of Rs 22.75 or 8.7%. The stock has underperformed its sector by 7.14% today and has fallen after five consecutive days of gains. It reached an intraday low of Rs 237, reflecting a drop of 9.32%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.42%, but it has declined by 2.97% over the past month and 29.52% year-to-date, while the benchmark Sensex has increased by 1.40% and 8.11% respectively during the same periods. The rising investor participation, indicated by a 16.5% increase in delivery volume, may suggest some interest, but overall, the stock's performance remains weak.
Broader Market Context: In the context of the broader market, Multibase India's recent performance contrasts sharply with the Sensex, which has outperformed the stock in both the short-term and long-term. The Sensex has gained 1.40% over the past week and 8.11% year-to-date, while Multibase India has seen significant declines in both these periods. This underperformance against the benchmark indicates that investor sentiment may be leaning towards other opportunities in the market, contributing to the downward pressure on Multibase India's stock price.