Why is Kobo Biotech falling/rising?

As of 12-Jun, Kobo Biotech Ltd's stock is currently priced at Rs 2.55, reflecting a decrease of Rs 0.03 or 1.16%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 1.92% over the past week. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.75% away from Rs 2.48. Investor participation appears to be waning, as the delivery volume has decreased by 22.26% compared to the 5-day average, which may further contribute to the downward pressure on the stock price.
In the broader market context, Kobo Biotech's performance has been notably weaker than the benchmark Sensex, which has gained 0.31% over the past week while Kobo Biotech has lost 1.92%. Over the past month, the stock has declined by 10.21%, contrasting with the Sensex's slight drop of 0.90%. This significant underperformance over various time frames, coupled with a lack of positive factors to counterbalance the negative trends, suggests that investor sentiment is currently unfavorable towards Kobo Biotech, contributing to its declining stock price.