Why is Elixir Capital falling/rising?

As of 18-Nov, Elixir Capital Ltd is experiencing a decline in its stock price, currently at Rs 98.50, which represents a decrease of Rs 1.95 or 1.94%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 4.28%. It is also trading close to its 52-week low, just 2.94% above Rs 95.6. The stock opened with a gain of 2.09% today but reached an intraday low of Rs 98.1, indicating volatility. Additionally, Elixir Capital has significantly underperformed against the sector by 1.16% today, and its performance over the past month shows a substantial decline of 20.76%. The stock is trading below all key moving averages, which suggests a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 41.42% compared to the five-day average.
In the broader market context, the Sensex has shown a positive return of 0.96% over the past week, contrasting sharply with Elixir Capital's decline of 3.43% during the same period. This disparity highlights the stock's struggle relative to the overall market performance. Year-to-date, Elixir Capital has plummeted by 70.79%, while the Sensex has gained 8.36%, further emphasizing the stock's underperformance. The lack of positive factors in the dashboard indicates that there are no current catalysts to support a rebound, which may contribute to the ongoing downward pressure on the stock price.