Why is Indrayani Biotec falling/rising?

As of 12-Aug, Indrayani Biotech Ltd's stock price is currently at Rs. 12.92, reflecting a decrease of Rs. 0.73 or 5.35%. The stock has reached a new 52-week low of Rs. 12 today, indicating significant downward pressure. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Over the past month, the stock has declined by 17.71%, and year-to-date, it has plummeted by 64.49%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 37.56% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, the stock's recent performance is slightly worse than the benchmark Sensex, which has declined by 0.59% over the past week. The floriculture sector, in which Indrayani operates, has also seen a decline of 5.31%, contributing to the negative sentiment surrounding the stock. The stock's year-to-date performance is significantly poorer than the Sensex's gain of 2.68%, further highlighting the challenges faced by Indrayani Biotech Ltd in the current market environment.