Why is Gem Enviro falling/rising?

As of 30-Sep, Gem Enviro Management Ltd is experiencing a decline in its stock price, currently at Rs. 57.01, which reflects a decrease of Rs. 2.98 or 4.97%. The stock has hit a new 52-week low today and has underperformed its sector by 4.26%. It has been on a downward trend for the last three days, accumulating a total loss of 9.49% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating persistent weakness. There has also been a notable drop in investor participation, with delivery volume falling by 29.41% compared to the 5-day average, suggesting reduced interest from investors.
In the broader market context, Gem Enviro's performance has been significantly worse than the benchmark, with a 1-week return of -10.22% compared to the Sensex's -2.23%. Over the past month, the stock has declined by 6.85%, while the Sensex has seen a slight increase of 0.57%. Year-to-date, Gem Enviro has plummeted by 56.46%, contrasting sharply with the Sensex's modest gain of 2.72%. This stark difference in performance highlights the challenges faced by Gem Enviro in the current market environment, further exacerbated by its recent price movements and declining investor interest.