Why is Colinz Labs falling/rising?

As of 07-Jul, Colinz Laboratories Ltd is experiencing a decline in its stock price, currently at Rs. 40.22, which represents a decrease of 0.82 or 2.0%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last 21 days, resulting in a significant drop of 34.42% over this period. Additionally, the stock has underperformed its sector by 1.92% today and is trading below all key moving averages. Over the past year, Colinz Labs has generated a return of -47.63%, while its profits have only increased by 1%, indicating weak performance relative to its peers. The company's weak long-term fundamentals, including a negative CAGR growth in net sales and a low return on equity, further contribute to the stock's downward trajectory.
In the broader market context, Colinz Laboratories Ltd has significantly underperformed compared to the Sensex, which has shown a slight increase of 1.53% over the past month, while Colinz has dropped 34.42%. This stark contrast highlights the stock's struggles in both the short and long term, as it has also underperformed the BSE500 over various time frames. Despite a slight increase in delivery volume, the overall sentiment remains negative due to the company's weak financial indicators and poor profitability metrics, suggesting that investor confidence is low.