Why is Indrayani Biotec falling/rising?

As of 13-Nov, Indrayani Biotech Ltd's stock price is currently at 14.78, reflecting a decrease of 0.29, or 1.92%. The stock has been experiencing a downward trend, having lost 3.46% over the last two days, and it has underperformed significantly over the past year with a decline of 65.14%. The stock's performance today is in line with the sector, which has also seen a decline of 2.04%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 90.13% compared to the 5-day average, indicating reduced interest in trading the stock. The stock is currently trading above its 20-day, 50-day, and 100-day moving averages but below its 5-day and 200-day moving averages, suggesting mixed signals regarding its short-term momentum.
Broader Market Context: In the context of the broader market, the Sensex has gained 1.40% over the past week, contrasting sharply with Indrayani Biotech's decline of 5.62% during the same period. This underperformance highlights the stock's struggles relative to the market, particularly as it has also fallen significantly year-to-date by 59.37%, while the Sensex has risen by 8.11%. The overall market conditions appear to be more favorable, which further emphasizes the challenges faced by Indrayani Biotech Ltd in attracting investor confidence and participation.