Why is Laxmi Dental falling/rising?

As of 14-Aug, Laxmi Dental Ltd's stock price is currently at Rs 346.40, reflecting a decline of Rs 31.95 or 8.44%. The stock has been on a downward trend, having fallen consecutively for the last eight days, resulting in a total return of -18.56% during this period. Today's performance indicates that the stock has underperformed its sector by 10.92%, with an intraday low of Rs 343.55. Additionally, the stock is trading below all its moving averages, which suggests a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 329.74% against the five-day average, indicating some interest despite the overall negative performance.
In the broader market context, Laxmi Dental's short-term return over the past week shows a decline of 13.83%, while the benchmark Sensex has remained relatively flat with a change of only -0.03%. This stark contrast highlights the stock's underperformance compared to the market. Furthermore, while the medical equipment sector has gained by 2.65%, Laxmi Dental's significant drop indicates company-specific challenges that are overshadowing the positive sector performance. Overall, the combination of consecutive declines, underperformance against the sector, and trading below key moving averages contributes to the stock's current downward trajectory.