Why is Cellecor Gadgets falling/rising?

As of 23-Oct, Cellecor Gadgets Ltd is experiencing a decline in its stock price, currently at Rs. 29.20, which represents a decrease of Rs. 3.25 or 10.02%. The stock has hit a new 52-week low of Rs. 26.5 today and has underperformed its sector by 9.62%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 39.13% compared to the 5-day average. Year-to-date, the stock has plummeted by 56.61%, while its performance over the past year shows a decline of 51.62%.
In the broader market context, the Sensex has shown resilience, gaining 1.20% over the past week and 2.87% over the past month, contrasting sharply with Cellecor Gadgets' 9.03% and 9.60% declines, respectively. This stark difference highlights the stock's underperformance relative to the benchmark. While the stock's liquidity appears sufficient for small trade sizes, the overall negative sentiment surrounding Cellecor Gadgets, coupled with its poor performance metrics, suggests that investors are losing confidence, contributing to the ongoing decline in its stock price.