Why is Magenta Life falling/rising?

As of 01-Sep, Magenta Lifecare Ltd is experiencing a decline in its stock price, currently at Rs 14.50, which represents a decrease of 2.0 (-12.12%). The stock has underperformed significantly today, opening with a loss of 15.09% and touching an intraday low of Rs 14.01. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 12.12%, while its year-to-date performance is down by 42.00%. There is also a notable drop in investor participation, with delivery volume falling by 61.54% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has only declined by 1.56% over the past week, indicating that Magenta Lifecare's poor performance is not reflective of the overall market trend. While the stock's year-to-date performance is significantly worse than the Sensex's increase of 2.85%, it highlights the company's struggles relative to the market. The lack of positive factors available further emphasizes the challenges facing Magenta Lifecare, contributing to its ongoing decline in stock price.