Why is Lyka Labs falling/rising?

As of 13-Nov, Lyka Labs Ltd is experiencing a decline in its stock price, currently at Rs. 89.47, which reflects a decrease of Rs. 2.57 or 2.79%. The stock has hit a new 52-week low of Rs. 86.76 today, indicating significant downward pressure. It has underperformed its sector by 3% and has traded below its moving averages across various time frames, suggesting a bearish trend. Additionally, the stock has shown poor performance over the past week, month, and year, with returns of -3.85%, -9.44%, and -35.70% respectively, compared to the Sensex which has posted positive returns in the same periods. There is a notable increase in investor participation, with delivery volume rising by 98.6% against the 5-day average, which may indicate some interest despite the overall negative performance.
Broader Market Context: In the context of the broader market, Lyka Labs' recent performance contrasts sharply with the Sensex, which has gained 1.40% over the past week and 2.61% over the past month. This divergence highlights the stock's struggles relative to the overall market, where investors may be favoring other opportunities. The liquidity of the stock remains adequate, allowing for trading despite the current downturn. Overall, the combination of hitting a new low, underperformance against the sector, and negative returns over multiple time frames contributes to the stock's current decline.