Why is Thakkers Develp. falling/rising?

As of 13-Oct, Thakkers Developers Ltd is experiencing a decline in its stock price, currently at Rs 159.70, which reflects a decrease of Rs 4.3 or 2.62%. The stock has underperformed its sector today by 2.42% and opened with a loss of 2.44%. It reached an intraday low of Rs 150, representing a significant drop of 8.54%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a drastic reduction in investor participation, with delivery volume plummeting by 94.9% compared to the 5-day average. Over the past week, the stock has declined by 3.68%, and year-to-date, it has fallen by 19.32%, while the broader market, represented by the Sensex, has gained 5.36%.
In the broader market context, Thakkers Developers Ltd's performance has been notably weaker compared to the Sensex, which has shown positive returns across various time frames. The stock's 1-month return is down 11.25%, while the Sensex has only increased by 0.52% during the same period. This trend of underperformance continues over the longer term, with the stock down 25.37% over the past year compared to the Sensex's modest gain of 1.16%. The significant disparity in performance suggests that investor sentiment towards Thakkers Developers Ltd is negative, contributing to the stock's decline amidst a generally stable market environment.