Why is Kimia Bioscien. falling/rising?

As of 28-Oct, Kimia Biosciences Ltd is experiencing a decline in its stock price, currently at Rs. 32.99, which reflects a decrease of 0.8 or 2.37%. The stock has hit a new 52-week low of Rs. 30.62 today and has underperformed its sector by 2.11%. It has been on a consecutive downward trend for the last two days, with a total decline of 2.57% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, investor participation has decreased significantly, with delivery volume dropping by 65.05% compared to the 5-day average, indicating reduced interest in the stock.
In the broader market context, Kimia Biosciences has underperformed relative to the Sensex, with a 1-week return of -6.38% compared to the benchmark's slight gain of 0.24%. Over the past month, the stock has declined by 9.07%, while the Sensex has increased by 5.22%. Year-to-date, Kimia's performance is notably poor at -27.73%, contrasting sharply with the Sensex's positive return of 8.30%. This significant underperformance against the benchmark suggests that broader market conditions are favoring other stocks, further contributing to the downward pressure on Kimia's stock price.