Why is Laxmi Dental falling/rising?

As of 10-Sep, Laxmi Dental Ltd's stock price is currently at Rs 316.05, reflecting a decrease of Rs 7.95 or 2.45%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 5.45%. Despite opening with a gain of 3.06% today and reaching an intraday high of Rs 333.9, it has also touched a low of Rs 314.4. The stock is now trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is 2.69% away from its 52-week low of Rs 307.55. In the context of returns, Laxmi Dental has underperformed significantly over the past week and month, with declines of 5.13% and 19.97%, respectively, while the benchmark Sensex has shown positive returns of 1.06% and 1.96% during the same periods.
Broader market conditions indicate that the medical equipment sector, in which Laxmi Dental operates, has also faced challenges, with a decline of 2.87%. The stock's liquidity appears to be adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 14.03% compared to the 5-day average. This decline in trading activity may contribute to the stock's downward pressure. Overall, the combination of poor stock performance relative to the benchmark, negative sector trends, and reduced investor engagement suggests that Laxmi Dental's stock price is facing significant headwinds.