Why is Munjal Showa falling/rising?

As of 13-Oct, Munjal Showa Ltd. is experiencing a decline in its stock price, currently at Rs 123.90, which represents a decrease of Rs 14.0 or 10.15%. The stock has underperformed its sector by 9.68% today and has been on a downward trend for the last two days, accumulating a total loss of 10.48%. It reached an intraday low of Rs 119, reflecting a significant drop of 13.71%. Furthermore, the stock has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume plummeting by 50.91% compared to the 5-day average. Although the stock offers a high dividend yield of 3.26%, the overall negative sentiment appears to outweigh this positive factor.
In the broader market context, Munjal Showa's short-term performance has been significantly worse than the benchmark Sensex, which has gained 0.66% over the past week while the stock has lost 10.90%. Over the past month, the stock has declined by 12.56%, contrasting with a modest gain of 0.52% in the Sensex. Year-to-date, Munjal Showa has fallen by 15.08%, while the Sensex has risen by 5.36%. This stark contrast highlights the stock's struggle in a generally stable market environment, further contributing to the negative investor sentiment surrounding Munjal Showa Ltd.