Why is Makers Labs. falling/rising?

As of 31-Oct, Makers Laboratories Ltd is experiencing a decline in its stock price, currently at Rs. 121.85, which reflects a decrease of Rs. 3.3 or 2.64%. The stock has hit a new 52-week low of Rs. 119 today and has been on a downward trend, having fallen for the last four consecutive days, resulting in a total drop of 7.79% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The performance over the past week shows a significant decline of 6.59%, and year-to-date, the stock has decreased by 32.70%, underperforming the benchmark Sensex, which has gained 7.42% during the same timeframe. There is a notable increase in investor participation, with delivery volume rising by 156.1% against the 5-day average, suggesting some interest despite the overall negative performance.
Broader Market Context: In comparison to the Sensex, which has shown a slight decline of 0.32% over the past week, Makers Laboratories Ltd's performance has been significantly worse, indicating that the stock is not only underperforming its sector but also the broader market. The negative sentiment surrounding the stock is further compounded by its substantial losses over the past month and year, contrasting sharply with the positive returns of the benchmark. This disparity highlights the challenges faced by Makers Laboratories Ltd in attracting investor confidence amidst a generally stable market environment.