Why is Flomic Global falling/rising?

As of 15-Oct, Flomic Global Logistics Ltd is experiencing a decline in its stock price, currently at Rs. 50.00, which represents a decrease of Rs. 3.55 or 6.63%. The stock has recently hit a new 52-week low of Rs. 49 and has underperformed its sector by 8.79%. Over the past week, it has fallen by 12.59%, and year-to-date, it has decreased by 30.99%. The stock has been on a downward trend, losing value for the last two days and showing a significant drop in delivery volume, which has decreased by 50.93% compared to the five-day average. Additionally, it is trading below all key moving averages, indicating a bearish sentiment among investors.
In the broader market context, while Flomic Global has been declining, the benchmark Sensex has shown a slight increase of 1.02% over the past week. This stark contrast highlights the stock's underperformance relative to the market. The finance/NBFC sector has gained by 2.16%, further emphasizing Flomic's struggles in comparison to its peers. The significant drop in investor participation and the stock's inability to maintain momentum suggest a lack of confidence among investors, contributing to its recent price decline.