Why is Zodiac-JRD MKJ falling/rising?

As of 24-Jun, Zodiac-JRD-MKJ Ltd's stock price is currently at Rs 55.84, reflecting a decrease of Rs 2.93, or 4.99%. The stock has been on a downward trend, having underperformed its sector by 5.56% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 14.24%. It opened with a loss of 4.99% and has not traded above this price point throughout the day. Additionally, the stock's performance over the past week shows a decline of 6.58%, while it has seen a significant drop of 28.01% year-to-date. The stock is currently trading higher than its 20-day moving averages but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. There is also a notable decrease in investor participation, with delivery volume falling by 72.68% compared to the 5-day average, indicating reduced interest from investors.
In the broader market context, the Sensex has shown a positive return of 0.58% over the past week, contrasting sharply with Zodiac-JRD-MKJ's decline. While the stock has outperformed the benchmark over the past month with a return of 12.76%, its year-to-date performance is significantly lagging behind the Sensex, which has gained 5.01% during the same period. This disparity highlights the stock's recent struggles despite a strong performance in the longer term, as evidenced by its 102.69% increase over the past three years. Overall, the combination of negative short-term performance, declining investor interest, and underperformance relative to the benchmark contributes to the stock's current downward trajectory.