Why is Dhanlaxmi Cotex falling/rising?

As of 17-Nov, Dhanlaxmi Cotex Ltd is experiencing a decline in its stock price, currently at Rs 135.20, which reflects a decrease of Rs 6.8 or 4.79%. The stock has underperformed its sector by 5.21% today and has been on a consecutive downward trend for the last two days, resulting in a total loss of 9.35% during this period. Additionally, the stock opened with a significant gap down of 4.89% and reached an intraday low of Rs 134.9. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has notably decreased, with delivery volume dropping by 95.17% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, Dhanlaxmi Cotex's short-term performance has been significantly weaker than the benchmark Sensex, which has gained 1.69% over the past week while the stock has lost 4.82%. Over the past month, the stock has declined by 21.58%, contrasting sharply with the Sensex's modest gain of 1.19%. This stark difference highlights the stock's struggles relative to the overall market, contributing to its current downward trajectory. The absence of any positive factors in the provided data further emphasizes the challenges faced by the company in maintaining investor interest and confidence.