Why is Phaarmasia falling/rising?

As of 22-Sep, Phaarmasia Ltd's stock price is currently at Rs 40.00, reflecting a decrease of Rs 1.2 or 2.91%. The stock has underperformed its sector by 1.83% today, following a trend reversal after three consecutive days of gains. It reached an intraday low of Rs 39.14, which is a 5% decline. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some level of strength. However, there has been a significant drop in investor participation, with delivery volume falling by 95.11% against the 5-day average, suggesting reduced interest from investors. The stock's performance over the past week shows a gain of 3.63%, but it has a year-to-date decline of 17.53% and a one-year decline of 34.96%.
In the broader market context, Phaarmasia's short-term performance over the past week has outpaced the Sensex, which only gained 0.46% during the same period. However, the stock's year-to-date performance is notably weaker compared to the benchmark, which has risen by 5.15%. This contrast highlights the challenges Phaarmasia faces despite some recent short-term gains. The overall liquidity of the stock remains adequate for trading, but the significant drop in delivery volume may indicate a lack of confidence among investors, contributing to the current downward price movement.