Why is Laxmi Dental falling/rising?

As of 11-Sep, Laxmi Dental Ltd's stock price is currently at Rs 312.00, reflecting a decrease of Rs 4.05 or 1.28%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.66% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite touching an intraday high of Rs 323.2, the stock remains close to its 52-week low, just 1.43% away from Rs 307.55. The recent performance has also been poor compared to the sector, underperforming by 2.96%. There is a notable increase in investor participation, with delivery volume rising by 122.48% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, Laxmi Dental's performance over the past week shows a decline of 6.17%, while the benchmark Sensex has increased by 1.03%. This stark contrast highlights the stock's struggles relative to the overall market. Over the past month, Laxmi Dental has experienced a significant drop of 20.39%, while the Sensex has only risen by 1.17%. This underperformance indicates that the stock is not only facing company-specific challenges but is also lagging behind the general market trends.