Why is Amerise BioScie falling/rising?

As of 17-Oct, Amerise Biosciences Ltd's stock price is currently at 0.57, reflecting a decline of 0.03 or 5.0%. The stock has recently hit a new 52-week low of Rs.0.56 and has been on a downward trend, having fallen for the last six consecutive days, resulting in a total drop of 12.31% during this period. Additionally, the stock has underperformed its sector by 4.96% today. Over the past week, Amerise Biosciences has seen a significant decline of 10.94%, and its year-to-date performance shows a staggering drop of 52.89%. The stock is also trading below its moving averages across various time frames, indicating a bearish trend. Furthermore, investor participation has decreased, with delivery volume dropping by 41.64% compared to the five-day average, suggesting a lack of confidence among investors.
Broader Market Context: In contrast to Amerise Biosciences' poor performance, the benchmark Sensex has shown positive returns, gaining 1.76% over the past week and 7.44% year-to-date. This stark difference highlights the stock's underperformance relative to the broader market, which has been experiencing gains. The overall market context indicates that while the benchmark is on an upward trajectory, Amerise Biosciences is struggling significantly, which may be contributing to the stock's decline.