Why is Magenta Life falling/rising?

As of 05-Aug, Magenta Lifecare Ltd's stock price is currently at Rs. 13.31, reflecting a decline of -1.17 or -8.08%. The stock has hit a new 52-week low today, and it has underperformed its sector by -7.3%. Over the past week, the stock has decreased by -8.08%, and it has shown a significant decline of -12.61% over the past month. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. There has also been a notable drop in investor participation, with delivery volume decreasing by 50% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has only decreased by -0.77% over the past week, indicating that Magenta Lifecare's decline is more severe than the overall market trend. While the benchmark has shown a modest increase of +3.29% year-to-date, Magenta Lifecare has experienced a staggering decline of -46.76% in the same period. This stark contrast highlights the stock's underperformance relative to the market, further exacerbated by erratic trading patterns, including not trading on 5 out of the last 20 days. Overall, the combination of poor stock performance, low investor participation, and unfavorable comparisons to the benchmark contributes to the ongoing decline in Magenta Lifecare's stock price.