Why is Onyx Biotec falling/rising?

As of 06-Aug, Onyx Biotec Ltd's stock price is currently at Rs 46.15, reflecting a decrease of Rs 0.95 or 2.02%. The stock has been experiencing a consecutive decline over the last two days, with a total drop of 4.85% in the past week. It is also trading close to its 52-week low, just 2.49% away from Rs 45. The stock is underperforming relative to the benchmark, with year-to-date returns of -22.44% compared to the Sensex's gain of 3.93%. Additionally, the stock is trading below all major moving averages, indicating a bearish trend. There has been a significant drop in investor participation, with delivery volume falling by 62.96% against the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, the Sensex has only declined by 1.13% over the past week, indicating that Onyx Biotec's performance is lagging behind the market. The stock's negative returns over the last month and year-to-date highlight its struggles compared to the overall market performance. The erratic trading pattern, with the stock not trading on two days out of the last twenty, further complicates its liquidity and investor interest. Overall, these factors contribute to the downward pressure on Onyx Biotec's stock price.