Why is Ultracab India falling/rising?

As of 11-Nov, Ultracab (India) Ltd is experiencing a decline in its stock price, currently at 9.44, reflecting a decrease of 0.75 or 7.36%. The stock has underperformed its sector by 6.86% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 9.58% during this period. Additionally, Ultracab's performance over the past week shows a significant decline of 8.08%, while its year-to-date performance is down by 42.06%. The stock is trading below all key moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 25.72% against the five-day average, the overall sentiment remains negative.
In the broader market context, Ultracab's recent performance contrasts sharply with the Sensex, which has gained 0.49% over the past week. This underperformance is further highlighted by the stock's year-to-date decline of 42.06% compared to the Sensex's increase of 7.34%. The significant gap between Ultracab's returns and the benchmark indicates a lack of investor confidence in the stock, despite some positive signs in trading volume. Overall, the combination of poor stock performance relative to the market and the ongoing downward trend contributes to the stock's current decline.