Why is Kimia Bioscien. falling/rising?

As of 06-Nov, Kimia Biosciences Ltd is experiencing a decline in its stock price, currently at Rs 31.08, which represents a decrease of Rs 0.59 or 1.86%. The stock has been underperforming, having fallen for the last two days with a total decline of 2.39%. It is also trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.48% away from Rs 30.62. The recent performance shows a significant drop of 15.98% over the past month and a year-to-date decline of 31.92%, highlighting ongoing challenges for the company. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Kimia Biosciences Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.51% compared to the Sensex's decline of only 1.30%. This underperformance is further emphasized by the stock's year-to-date and yearly returns, which are significantly lower than the Sensex's positive returns of 6.62% and 3.65%, respectively. The falling investor participation, as indicated by a 9.05% drop in delivery volume, suggests a lack of confidence among investors, contributing to the stock's downward trajectory.