Why is Lyka Labs falling/rising?

As of 20-Oct, Lyka Labs Ltd is experiencing a decline in its stock price, currently at Rs 93.82, which reflects a decrease of Rs 0.58 or 0.61%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 1.72% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 3.86% away from Rs 90.2. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 50.85% compared to the five-day average, which suggests a lack of confidence among investors.
In the broader market context, Lyka Labs' performance has been notably poor compared to the benchmark Sensex, which has gained 2.47% over the past week while Lyka Labs has dropped 5.04%. Over the past month, the stock has decreased by 6.26%, contrasting sharply with the Sensex's 2.10% increase. Year-to-date, Lyka Labs has seen a staggering decline of 40.86%, while the Sensex has risen by 7.97%. This stark contrast highlights the stock's struggles in a generally positive market environment, further contributing to its downward trajectory.