Why is Cellecor Gadgets falling/rising?

As of 01-Sep, Cellecor Gadgets Ltd is experiencing a decline in its stock price, currently at Rs. 31.30, reflecting a decrease of Rs. 0.1 or 0.32%. The stock has recently hit a new 52-week low of Rs. 30.8 and has underperformed its sector by 2.84% today. Over the past week, the stock has seen a significant drop of 6.15%, and its year-to-date performance shows a staggering decline of 53.49%. Additionally, Cellecor Gadgets is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 3.83% against the 5-day average, the overall sentiment remains negative, and there are no available positive factors to counterbalance this trend.
In the broader market context, the Sensex has shown a relatively stable performance with a slight increase of 0.24% over the past month, contrasting sharply with Cellecor Gadgets' decline of 8.61% during the same period. This underperformance highlights the stock's struggles compared to the benchmark index. Furthermore, the stock's year-to-date return of -53.49% starkly contrasts with the Sensex's gain of 4.15%, emphasizing the challenges faced by Cellecor Gadgets in the current market environment. Overall, the combination of poor stock performance, negative technical indicators, and lack of positive factors suggests a challenging outlook for Cellecor Gadgets Ltd.