Why is Biofil Chemicals falling/rising?

As of 30-Oct, Biofil Chemicals & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at Rs 38.35, which represents a decrease of Rs 0.66 or 1.69%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.64% during this period. It is also trading close to its 52-week low, just 0.89% away from Rs 38.01. Over the past month, the stock has decreased by 8.43%, while its year-to-date performance shows a significant drop of 32.72%. Additionally, 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 15.45% against the 5-day average, this has not been enough to counteract the negative price movement.
In the broader market context, Biofil Chemicals has underperformed compared to the Sensex, which has seen a slight decline of 0.18% over the past week, while Biofil's stock has decreased by 0.44%. The stark contrast in performance is evident over longer periods, with Biofil's year-on-year return down by 42.24%, while the Sensex has gained 5.58%. This underperformance relative to the benchmark suggests that investor sentiment towards Biofil Chemicals is weak, contributing to the stock's downward trajectory. Overall, the combination of poor stock performance metrics and the broader market's relative stability indicates a challenging environment for Biofil Chemicals.