Why is Colinz Labs falling/rising?

As of 28-Aug, Colinz Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 39.77, reflecting a decrease of Rs 0.81 or 2.0%. The stock has underperformed its sector by 1.16% today and has been on a downward trend, losing 3.94% over the past two days. Additionally, it is trading lower than all key moving averages, indicating a bearish sentiment. The stock is also close to its 52-week low, just 4.78% away from Rs 37.87. Over the past week, the stock has dropped 5.40%, and its year-to-date performance shows a significant decline of 42.99%. The company's fundamentals are weak, with a negative compound annual growth rate (CAGR) in net sales over the last five years and a low return on equity of 4.40%, which suggests poor profitability.
In the broader market context, the Sensex has fallen by 2.34% over the past week, indicating a challenging environment for stocks in general. However, Colinz Laboratories Ltd's decline is more pronounced, suggesting that company-specific issues are driving its performance. The stock has underperformed the BSE500 index over various time frames, including the last three years and one year, which further highlights its struggles relative to the market. The falling investor participation, with a significant drop in delivery volume, also points to a lack of confidence among investors, contributing to the stock's downward trajectory.