Why is Gem Enviro falling/rising?

As of 23-Oct, Gem Enviro Management Ltd's stock price is currently at Rs. 52.05, reflecting a decline of Rs. 1.94, or 3.59%. The stock has recently hit a new 52-week low today, indicating a significant downward trend. It has underperformed its sector by 3.1% and has fallen after two consecutive days of gains. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 5.88%, and it has experienced a substantial decline of 60.25% year-to-date, while the benchmark Sensex has gained 8.21% during the same period. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In the short term, Gem Enviro's performance has been significantly weaker than the benchmark, as it has declined by 5.88% over the past week compared to a 1.30% increase in the Sensex. This stark contrast highlights the stock's struggles in a generally positive market environment. The broader market has shown resilience, with the Sensex gaining 2.99% over the past month and 5.59% over the past year, further emphasizing the challenges faced by Gem Enviro in attracting investor confidence and maintaining its stock price amidst a rising market.