Why is Gem Enviro falling/rising?

As of 22-Sep, Gem Enviro Management Ltd's stock is currently priced at Rs 63.00, reflecting a decline of Rs 2.0 or 3.08%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -4.24% during this period. It opened the day with a loss of 4.54% and reached an intraday low of Rs 62.05. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 4.91%, and it has significantly underperformed the benchmark Sensex, which has gained 0.46% in the same timeframe. Notably, investor participation has decreased, with delivery volume dropping by 48.72% compared to the 5-day average.
Broader Market Context: In the context of the broader market, Gem Enviro's year-to-date performance is particularly concerning, with a staggering decline of 51.89%, while the Sensex has increased by 5.15%. This stark contrast highlights the stock's struggles relative to the overall market. Over the past year, Gem Enviro has seen a decline of 66.07%, while the Sensex has only decreased by 2.82%. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest, which may further contribute to its declining price.