Why is Denis Chem Lab falling/rising?

As of 14-Nov, Denis Chem Lab Ltd's stock is currently priced at Rs. 84.49, reflecting a decline of Rs. 2.9 or 3.32%. The stock has recently hit a new 52-week low of Rs. 82.75 and has been on a downward trend, having fallen for the last three consecutive days with a total decline of 6.31% during this period. 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 investor participation, with delivery volume rising by 129.81% against the 5-day average, the overall performance remains weak, as the stock has underperformed its sector by 2.12%.
Broader market context shows that Denis Chem Lab's performance has been significantly lagging behind the benchmark, with a 1-week return of -6.47% compared to the Sensex's gain of 1.62%. Over the past month, the stock has decreased by 7.97%, while the Sensex has increased by 3.09%. Year-to-date, Denis Chem Lab has experienced a staggering decline of 49.78%, contrasting sharply with the Sensex's positive return of 8.22%. This stark underperformance highlights the challenges faced by the company in the current market environment, contributing to the downward pressure on its stock price.