Why is Chemo Pharma Lab falling/rising?

As of 09-Oct, Chemo Pharma Laboratories Ltd's stock price is currently at 125.00, reflecting a decline of 9.85 points or 7.3%. Today, the stock opened with a gain of 5.15% but experienced significant volatility, reaching an intraday high of Rs 141.8 before dropping to a low of Rs 120.2, indicating a wide trading range of Rs 21.6. The stock has underperformed its sector by 7.12% today, and there has been a notable decrease in investor participation, with delivery volume falling by 63.57% compared to the 5-day average. Despite a strong year-to-date return of 13.80% and a remarkable 74.26% increase over the past year, the current price movement suggests a negative sentiment among investors, although specific positive or negative factors were not provided.
Broader market context shows that while Chemo Pharma Laboratories Ltd has outperformed the Sensex in various time frames, including a 4.17% gain over the past week compared to the Sensex's 1.47%, the current decline indicates a divergence from this trend. The stock's high volatility today, coupled with a weighted average price closer to its low, suggests that market conditions may be affecting investor confidence. Overall, the stock's recent performance reflects a complex interplay of short-term volatility and longer-term gains, with the current downturn possibly influenced by market sentiment rather than fundamental weaknesses.