Why is Gem Enviro falling/rising?

As of 14-Nov, Gem Enviro Management Ltd's stock price is currently at Rs. 51.99, reflecting a decrease of Rs. 0.61 or 1.16%. The stock has recently hit a new 52-week low of Rs. 49.55 and has been on a downward trend, having fallen consecutively for the last two days with a total decline of 1.31%. Additionally, the stock has underperformed its sector by 1.3%. Over the past week, it has seen a significant drop of 4.50%, and its year-to-date performance shows a staggering decline of 60.30%. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 43.55% compared to the 5-day average.
In the broader market context, the Sensex has shown a positive return of 1.62% over the past week, contrasting sharply with Gem Enviro's negative performance. This divergence highlights the stock's struggles relative to the overall market, which has gained 8.22% year-to-date. The significant underperformance of Gem Enviro compared to the benchmark suggests that investor sentiment is weak, further compounded by the lack of positive factors to support a recovery in its stock price.