Why is Colinz Labs falling/rising?

As of 06-Nov, Colinz Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 39.81, which represents a decrease of 4.42 or 9.99%. The stock has underperformed its sector by 9.22% today and has opened with a loss of 4.07%. It has touched an intraday low of Rs 39.81, indicating significant selling pressure. The stock has also fallen after two consecutive days of gains, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 77.12% against the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Colinz Laboratories Ltd's performance over the past week shows a decline of 9.48%, while the benchmark Sensex has only decreased by 1.30%. This stark contrast highlights the stock's significant underperformance relative to the market. Over the past month, the stock has also fallen by 6.55%, while the Sensex has gained 1.86%. Year-to-date, Colinz Labs has seen a substantial decline of 42.93%, in contrast to the Sensex's increase of 6.62%. This ongoing trend of underperformance suggests that investor sentiment towards Colinz Laboratories Ltd is currently negative compared to the broader market.