Why is Chemcrux Enterp. falling/rising?

As of 06-Nov, Chemcrux Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 121.35, which reflects a decrease of Rs 6.6 or 5.16%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 14.48% during this period. Although it opened with a gain of 5.47% today and reached an intraday high of Rs 135.6, it also hit a low of Rs 120.05, indicating significant volatility with a wide trading range of Rs 15.55. The stock's performance over the past week shows a decline of 8.21%, and it has underperformed against the sector by 4.18%. Additionally, the stock's year-to-date return is down 28.24%, and it has seen a substantial drop of 69.24% over the past three years.
In the broader market context, the Sensex has only declined by 1.30% over the past week, highlighting that Chemcrux's short-term performance is significantly worse than the benchmark. While the stock has shown some positive movement over the past month with an increase of 8.59%, its longer-term performance remains concerning, particularly with a year-over-year decline of 39.22%. The falling investor participation, as evidenced by a 42.33% drop in delivery volume against the five-day average, suggests a lack of confidence among investors, further contributing to the stock's downward trend. Overall, the combination of high volatility, poor recent performance, and declining investor interest paints a challenging picture for Chemcrux Enterprises Ltd.