Why is Kobo Biotech falling/rising?

As of 15-Sep, Kobo Biotech Ltd is experiencing a decline in its stock price, currently at Rs. 2.21, reflecting a decrease of Rs. 0.04 or 1.78%. The stock has hit a new 52-week low of Rs. 2.15 today and has underperformed its sector by 2.36%. Over the past week, the stock has decreased by 3.07%, and it has shown a significant decline of 25.08% over the past year. Additionally, Kobo Biotech is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, there has been a substantial drop in investor participation, with delivery volume falling by 72.63% compared to the 5-day average, which suggests a lack of interest from investors.
In the broader market context, the Sensex has shown a positive return of 1.24% over the past week and 1.47% over the past month, contrasting sharply with Kobo Biotech's negative performance. This divergence highlights the stock's struggles relative to the overall market, which has been performing well. The lack of available positive factors further exacerbates the situation, as there are no indications of any recent developments that could support a rebound in the stock's price. Overall, the combination of poor performance metrics, declining investor interest, and a strong benchmark performance contributes to the downward pressure on Kobo Biotech's stock price.