Why is Chemo Pharma Lab falling/rising?

As of 07-Oct, Chemo Pharma Laboratories Ltd's stock price is currently at Rs 121.00, reflecting a decline of -8.65 (-6.67%). The stock has been underperforming recently, having fallen for the last two days with a total drop of -8.33% during this period. It opened the day with a significant loss of -6.63% and reached an intraday low of Rs 121. The trading volume indicates a decrease in investor participation, with delivery volume dropping by -43.61% compared to the 5-day average. Despite the stock's impressive long-term performance, including a 103.09% increase over the past year, the recent trend suggests a negative shift in market sentiment.
In the broader market context, Chemo Pharma's short-term performance has been notably weaker than the benchmark Sensex, which has gained +2.07% over the past week while the stock itself has increased by +5.82%. However, in the last month, the stock has decreased by -3.20%, contrasting with the Sensex's +1.51% gain. This underperformance may indicate a lack of confidence among investors, which is further compounded by the stock's recent price movements and declining trading volume. Overall, the combination of these factors suggests that Chemo Pharma is currently facing challenges that are impacting its stock price negatively.