Why is Indrayani Biotec falling/rising?

As of 29-Aug, Indrayani Biotech Ltd's stock price is currently at Rs. 11.58, reflecting a slight increase of 0.03 (0.26%). The stock has recently experienced a trend reversal, gaining after three consecutive days of decline. However, it has hit a new 52-week low of Rs. 11.2 today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant decline of 9.53%, and its year-to-date performance shows a staggering drop of 68.17%. The company's fundamentals are weak, with a -253.18% CAGR growth in operating profits over the last five years and negative results for the last five consecutive quarters, which has contributed to its underperformance.
In the broader market context, while the Sensex has shown a slight decline of 1.84% over the past week, Indrayani Biotech's performance has been significantly worse, indicating a consistent underperformance against the benchmark. The stock has generated a return of -75.62% over the past year, contrasting sharply with the Sensex's positive return of 2.14% year-to-date. Additionally, falling participation from institutional investors, who have reduced their stake in the company, suggests a lack of confidence in its future prospects. This combination of weak financial performance and declining investor interest has led to the stock's continued struggles in the market.