Why is Thacker & Co. falling/rising?

As of 10-Nov, Thacker & Company Ltd's stock price is currently at 1,647.60, reflecting a decline of 34.5 points or 2.05%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Today, it touched an intraday low of Rs 1500, indicating a significant drop of 10.83%. The stock has shown high volatility with an intraday volatility of 6.31% and has traded in a wide range of Rs 202. Additionally, the stock's performance over the past week has been negative at -3.02%, while it has underperformed against the benchmark Sensex, which has only declined by 0.53%. There is a notable decrease in investor participation, with delivery volume falling by 23.3% compared to the five-day average, suggesting a lack of confidence among investors.
Broader Market Context: In the context of the broader market, Thacker & Company Ltd's year-to-date performance shows a significant decline of 16.58%, contrasting sharply with the Sensex, which has gained 6.91% during the same period. While the stock has outperformed its sector by 0.66% today, the overall trend indicates a challenging environment for the company, particularly in light of the recent drop in trading activity within its sector, which has fallen by 2.74%. This combination of high volatility, reduced investor participation, and underperformance relative to both the benchmark and sector suggests that the stock's recent decline is influenced by both company-specific challenges and broader market conditions.