Why is Ajooni Biotech falling/rising?

As of 08-Aug, Ajooni Biotech Ltd's stock price is currently at Rs 5.30, reflecting an increase of Rs 0.03 or 0.57%. The stock has shown a mixed performance recently, with a 1-week decline of 2.93% and a 1-month drop of 8.78%. It is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, the stock has outperformed its sector by 1.92% today, and there has been a rise in investor participation, with delivery volume increasing by 4.59% against the 5-day average. Notably, the stock is close to its 52-week low, just 1.88% away from Rs 5.21.
In the broader market context, Ajooni Biotech's performance has been underwhelming compared to the benchmark Sensex, which has gained 3.04% year-to-date while Ajooni Biotech has declined by 31.79%. Over the past year, the stock has also fallen by 27.50%, contrasting sharply with the Sensex's modest increase of 1.02%. This disparity highlights the challenges faced by Ajooni Biotech in the current market environment, despite today's slight uptick in price. The overall liquidity of the stock remains adequate for trading, but the persistent underperformance against the benchmark suggests ongoing investor caution.