Why is Dolfin Rubbers falling/rising?

As of 13-Nov, Dolfin Rubbers Ltd is experiencing a decline in its stock price, currently at Rs 171.10, reflecting a decrease of Rs 2.3 or 1.33%. The stock has been underperforming significantly, with a consecutive fall over the last three days resulting in a total drop of 4.36%. It is also trading below all major moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.63% away from Rs 166.6. The recent performance shows a notable decline of 9.33% over the past month and 20.42% year-to-date, contrasting sharply with the Sensex, which has gained 2.61% and 8.11% in the same periods, respectively. There is also a decline in investor participation, with delivery volume falling by 12.49% against the five-day average.
In the broader market context, Dolfin Rubbers' recent performance is particularly concerning as it has underperformed the Sensex, which has shown positive returns while Dolfin has faced significant losses. The stock's negative trajectory is compounded by the lack of available positive factors that could support a recovery. The overall liquidity remains adequate for trading, but the persistent downward movement and falling investor interest suggest a challenging environment for the stock in the near term.