Why is Pharmaids Pharma falling/rising?

As of 06-Nov, Pharmaids Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at Rs 46.64, which represents a decrease of Rs 1.57 or 3.26%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.38% during this period. Today's trading saw the stock reach an intraday high of Rs 51.91 but ultimately closed at its low. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 6.9% against the 5-day average, the overall performance today was still below the sector average by 2.49%.
In the broader market context, Pharmaids Pharmaceuticals has significantly underperformed compared to the benchmark Sensex over various time frames. For instance, in the past week, the stock has declined by 6.92%, while the Sensex has only fallen by 1.30%. Over the past month, Pharmaids has seen a steep decline of 16.80%, contrasting sharply with the Sensex's gain of 1.86%. This stark difference highlights the stock's struggles in the current market environment, where it has also recorded a year-to-date decline of 33.83% compared to the Sensex's increase of 6.62%. The combination of high volatility and a wide trading range today further reflects investor uncertainty surrounding the stock's future performance.