Why is Omax Autos falling/rising?

As of 06-Nov, Omax Autos Ltd is experiencing a decline in its stock price, currently at Rs 94.15, reflecting a decrease of Rs 4.95 or 4.99%. The stock has been underperforming significantly, having fallen consecutively for the last six days, resulting in a total decline of 23.58% during this period. Today's trading saw the stock reach an intraday high of Rs 102.05 but also dip to a low of Rs 92, indicating high volatility with a wide trading range of Rs 10.05. Additionally, the stock is trading below all key moving averages, which suggests a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by over 1142%, the overall sentiment remains negative, contributing to the stock's recent downward movement. Broader market context indicates that Omax Autos has significantly underperformed compared to the benchmark Sensex, with a one-week return of -19.43% against the Sensex's -1.30%. Over the past month, the stock has declined by 29.34%, while the Sensex has gained 1.86%. This stark contrast highlights the challenges faced by Omax Autos in the current market environment. Despite the stock's liquidity being adequate for trading, the persistent decline in price and the overall negative sentiment surrounding it suggest that investors are cautious, leading to the stock's continued fall.