Why is Daikaffil Chem falling/rising?

As of 14-Nov, Daikaffil Chemicals India Ltd's stock price is currently at Rs. 89.30, reflecting a decline of Rs. 6.8 or 7.08%. The stock has hit a new 52-week low of Rs. 87.35 today and has been on a downward trend, losing 23.64% over the past week and 26.44% over the past month. It has underperformed its sector by 6.13% today and has experienced significant volatility, trading within a wide range of Rs. 15.1. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in delivery volume, rising by 96.77% against the 5-day average, the overall sentiment remains negative, contributing to the stock's recent decline.
In the broader market context, Daikaffil Chemicals has significantly underperformed compared to the Sensex, which has gained 1.62% over the past week and 3.09% over the past month. Year-to-date, the stock has plummeted by 64.28%, while the Sensex has risen by 8.22%. This stark contrast highlights the challenges faced by Daikaffil Chemicals in the current market environment, as it struggles to maintain investor confidence amidst its declining performance.