Why is Elixir Capital falling/rising?

As of 29-Oct, Elixir Capital Ltd is experiencing a decline in its stock price, currently at Rs. 107.80, which represents a decrease of Rs. 10.0 or 8.49%. The stock has hit a new 52-week low of Rs. 95.6 today, reflecting a significant intraday drop of 18.85%. Over the past week, the stock has underperformed the sector by 8.55%, and its performance over the last year shows a decline of 24.03%, while year-to-date, it has plummeted by 68.03%. The stock is trading below all its moving averages, indicating a bearish trend. Despite a rise in delivery volume by 97.11% against the 5-day average, the overall sentiment appears negative, contributing to the stock's recent downward movement.
In the broader market context, Elixir Capital's short-term performance has been notably poor compared to the Sensex, which has gained 0.68% over the past week. The stark contrast in returns highlights the stock's struggles, particularly as it has underperformed significantly against the benchmark and its sector. While the stock has shown strong returns over the longer term, with a 147.53% increase over three years, the recent volatility and substantial losses in the short term suggest investor concerns may be weighing heavily on its current valuation.