Why is Nectar Lifesci. falling/rising?

As of 07-Aug, Nectar Lifescience Ltd's stock price is currently at Rs. 13.39, reflecting a decrease of Rs. 0.66 or 4.7%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 19.34% during this period. Additionally, it has reached a new 52-week low of Rs. 13.35 today. The stock's performance over various time frames shows significant underperformance, with a year-to-date decline of 65.67% compared to a modest gain of 3.18% in the Sensex. Although there has been a notable increase in investor participation, with delivery volume rising by 201.26% against the 5-day average, the stock remains below its moving averages across multiple time frames, indicating a bearish trend.
In the broader market context, Nectar Lifescience's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.69% over the past week while the stock has dropped by 18.60%. This stark contrast highlights the stock's struggles relative to the overall market. The liquidity of the stock is adequate for trading, as it represents 2% of the 5-day average traded value, but the persistent decline and underperformance against both sector and benchmark indices suggest that investor sentiment remains negative.