Why is Dhanlaxmi Cotex falling/rising?

As of 08-Oct, Dhanlaxmi Cotex Ltd's stock price is currently at Rs 172.05, reflecting a decline of Rs 8.95 or 4.94%. The stock has been on a downward trend, having underperformed its sector by 4.4% today and experiencing a consecutive fall over the last four days, resulting in a total drop of 16.34% during this period. Despite opening with a gain of 5% and reaching an intraday high of Rs 190.05, the stock also touched a low of Rs 171.95, indicating high volatility with a wide trading range of Rs 18.1. Additionally, the delivery volume has decreased by 19.57% compared to the five-day average, suggesting a decline in investor participation.
In the broader market context, Dhanlaxmi Cotex's short-term performance has significantly lagged behind the benchmark Sensex, which has gained 0.98% over the past week while the stock has fallen 16.34%. This stark contrast highlights the stock's struggles relative to the overall market. Year-to-date, however, Dhanlaxmi Cotex has shown strong performance with a 36.87% increase, outpacing the Sensex's 4.65% gain, but the recent downturn indicates a shift in sentiment that may be affecting investor confidence.