Why is Indrayani Biotec falling/rising?

As of 16-Sep, Indrayani Biotech Ltd is experiencing a decline in its stock price, currently at 11.79, which reflects a decrease of 0.17 or 1.42%. The stock has been losing value for the last two days, with a total drop of 4.3% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 28.76% compared to the 5-day average, suggesting a decline in investor participation. The stock has shown poor performance over various time frames, with year-to-date returns down by 67.59% and a staggering 88.63% drop over the last three years.
In the broader market context, the Sensex has shown a positive return of 1.58% over the past week, contrasting sharply with Indrayani Biotech's decline of 3.68% during the same period. This underperformance relative to the benchmark indicates that the stock is not only struggling in absolute terms but is also lagging behind the overall market trend. The negative sentiment surrounding the stock, compounded by falling investor interest and poor historical performance, suggests that the current market conditions are unfavorable for Indrayani Biotech Ltd.