Why is Colinz Labs falling/rising?

As of 28-Oct, Colinz Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 39.30, which represents a decrease of Rs 4.1 or 9.45%. The stock has underperformed significantly today, opening with a loss of 7.37% and touching an intraday low of Rs 39.19. This decline follows a trend reversal after four consecutive days of gains. Additionally, the stock is trading below all major moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 6.43%, and year-to-date, it has plummeted by 43.66%, contrasting sharply with the Sensex, which has gained 8.30% during the same period. The stock is also close to its 52-week low, just 4.43% away from Rs 37.56.
In the broader market context, Colinz Laboratories Ltd's recent performance has been notably weaker compared to the Sensex, which has shown a positive return of 0.24% over the past week. The stock's significant underperformance today, by 9.19% against its sector, highlights the challenges it faces. Despite a rise in investor participation, with delivery volume increasing by 244.84% against the 5-day average, the overall sentiment remains negative, contributing to the stock's downward trajectory. The lack of available positive factors further emphasizes the difficulties the company is encountering in the current market environment.