Why is Makers Labs. falling/rising?

As of 10-Nov, Makers Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 119.50, which represents a decrease of Rs 6.5 or 5.16%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -7.61%. It is also close to its 52-week low, just 0.96% away from Rs 118.35. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 14.03% compared to the 5-day average.
In the broader market context, the stock's performance over the past week shows a decline of 5.57%, while the Sensex has only decreased by 0.53%, highlighting a significant underperformance relative to the benchmark. Over the past month, Makers Laboratories Ltd has fallen by 6.90%, contrasting with a 1.25% increase in the Sensex. Year-to-date, the stock has plummeted by 34.00%, while the benchmark has risen by 6.91%. This stark difference in performance suggests that the stock is facing challenges that are not affecting the broader market, contributing to its recent price decline.