Why is Choksi Laborator falling/rising?

As of 19-Nov, Choksi Laboratories Ltd's stock price is currently at Rs 139.35, reflecting a decrease of Rs 3.55 or 2.48%. The stock has been underperforming, having lost 5.59% over the last two days and opened with a loss of 2.03% today. It reached an intraday low of Rs 138.1, indicating a downward trend. Additionally, the stock has shown a significant decline of 14.56% over the past month, although it has impressive year-to-date and yearly returns of 85.63% and 130.22%, respectively. There is a notable decrease in investor participation, with delivery volume dropping by 77.28% compared to the five-day average, which suggests a lack of confidence among investors.
Broader market context indicates that while Choksi Laboratories has outperformed the Sensex over the past week with a return of 3.18% compared to the benchmark's 0.85%, its recent performance has been poor relative to the broader market. The stock's current decline contrasts sharply with its strong long-term performance, as evidenced by its three-year return of 261.01% versus the Sensex's 38.15%. This divergence highlights a potential short-term correction despite the stock's overall positive trajectory in the longer term.