Why is Resgen falling/rising?

As of 29-Aug, Resgen Ltd is experiencing a decline in its stock price, currently at 81.40, which reflects a decrease of 0.29 or 0.36%. The stock has underperformed its sector by 1.52% today and has been on a downward trend, losing 1.63% over the last two days. Additionally, Resgen is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, falling by 25.93% compared to the 5-day average, suggesting a reduction in investor participation. Notably, the stock has seen a substantial year-to-date decline of 30.40%, contrasting sharply with the Sensex's gain of 2.14% over the same period.
In the broader market context, Resgen's short-term performance has been relatively weak compared to the Sensex, which has declined by 1.84% over the past week while Resgen has gained 0.43%. This indicates that while the stock has shown some resilience in the short term, its overall performance remains poor, particularly when viewed over longer periods, such as the year, where it has fallen by 34.12% compared to the Sensex's decline of only 2.83%. The lack of positive factors in the dashboard further emphasizes the challenges facing Resgen, contributing to the stock's recent downward movement.