Why is Dhanlaxmi Cotex falling/rising?

As of 23-Oct, Dhanlaxmi Cotex Ltd is currently priced at 151.45, reflecting a decrease of 4.95, or 3.16%. The stock has been on a downward trend, having lost value for the past seven days, resulting in a total decline of 22.39% during this period. Although it opened with a gain of 4.99% today and reached an intraday high of Rs 164.2, it ultimately fell to a day's low of Rs 151. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 83.51% compared to the 5-day average, contributing to the stock's recent struggles.
In the broader market context, Dhanlaxmi Cotex has underperformed compared to the benchmark Sensex, which has gained 1.30% over the past week while the stock itself has declined by 16.53%. This stark contrast highlights the stock's weakness relative to the market. Furthermore, while the stock has shown positive year-to-date and long-term returns, the recent performance suggests a shift in investor sentiment, possibly influenced by declining participation and liquidity issues. Overall, the combination of these stock-specific factors and the broader market context indicates a challenging environment for Dhanlaxmi Cotex Ltd at this time.